Single-Level Duplex
For Sale
$197,500
6717 Covington Villas Lane, Tuscaloosa, AL 35405
One-level residence with an open layout and carpet-free flooring throughout.
Property Size1,278 SF
Days on Market233
Property Features for 6717 Covington Villas Lane
General Information
Standard status
Active
Size
1,278 SF
Property subtype
Duplex
Additional Details
Highway Access
Yes
Taxes and HOA fees
Annual Taxes
$300
Amenities
1 Unit
Water Heater
Sewer Connected, Composition, Shingle
Building Details
Building Size
1,278 SF
Year Built
2010
Stories
1
Listing Agency:
Keller Williams Tuscaloosa
Listed By:
Donna Terry · License #118584396
(205) 242-1097
Source:
Kw
Added: Feb 26
Changed: Oct 16
Last Checked: Oct 16 at 8:26AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Keller Williams Tuscaloosa
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Investment Insights
Based on property information with market context.
This one-level duplex property was built in 2010 and includes a three-bedroom, two-bathroom residence with an open floor plan. Flooring throughout the home is free of carpet, supporting straightforward upkeep. Interior details include one unit and a water heater, while the exterior has a composition shingle roof and connected sewer service.
The property is located in Covington Villas at 6717 Covington Villas Lane in Tuscaloosa, Alabama. Its position near the interstate provides access to surrounding areas, including Birmingham, according to the stated property information.
The property is located in Covington Villas at 6717 Covington Villas Lane in Tuscaloosa, Alabama. Its position near the interstate provides access to surrounding areas, including Birmingham, according to the stated property information.
Key Highlights
- Three‑bedroom, two‑bathroom one‑level residence
- Open floor plan with no carpet throughout
- Built in 2010
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$11,543
Cap Rate
5.84%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$230,860
$230.9K
Cap Rate 7%
$164,900
$164.9K
Cap Rate 9%
$128,256
$128.3K
Market Conditions
NOI Build-Up for 1,278 SF
Gross rent
$17.6K $13.80/SF
− Vacancy
−$1.1K −$0.90/SF
EGI
$16.5K $12.90/SF
− OpEx
−$4.9K −$3.87/SF
NOI
$11.5K $9.03/SF
Area
Tuscaloosa, AL
Vacancy
6.50%
Lease Rate
$13.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$230,860
Cap Rate 7%
$164,900
Cap Rate 9%
$128,256
Alternative Uses
Best Use
Multifamily LT 5
$164.9K
$144.3K – $192.4K
NOI $11,543 @ 7.0% cap · market cap 5.84%
Second Best
Apartment 5plus
$148.1K
$129.6K – $172.8K
NOI $10,365 @ 7.0% cap · market cap 5.25%
Theoretical Best
Office A
$307.1K
$268.7K – $358.3K
NOI $21,498 @ 7.0% cap · market cap 10.89%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
29
Businesses Nearby
Explore this area
Business Placement
Demographics for 35405, AL
45,155
Population
22,260
Households
2
Avg Household Size
34
Median Age
31%
College-Educated
94%
High-School Grad
52.9 sq mi
ZIP Area
854
Density / Sq Mi
$61,371
Median Household Income
$39,077
Median Earnings
$1,057
Median Rent
$224,900
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - One-level residence with an open layout and carpet-free flooring throughout.
Where is this duplex located?
The property is located at 6717 Covington Villas Lane Tuscaloosa, AL.
What is the asking price?
The asking price for this property is $197,500.
What are key features of this property?
This property features: Three‑bedroom, two‑bathroom one‑level residence; Open floor plan with no carpet throughout; Built in 2010
