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    206 Washington Ave Oneonta, AL 35121

    Sponsored
    For Sale
    $282,500

    Brand new, 2-unit apartment building, vacant.

    Property size:
    1,700 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This stunning, newly constructed duplex in Oneonta, Alabama, presents a remarkable investment opportunity. Located at 206 Washington Ave W, this Class A property boasts 1,700 square feet of net rentable space, spread across two units within a single, one-story building. Built in 2024 on a 0.5-acre lot, the duplex features a crawl space foundation. Each unit offers ample parking with two spaces per unit. Currently vacant, this property is zoned residential and presents a strong potential for immediate rental income. Market rents in the area support a monthly rental rate of $1200 per unit. The property's excellent location near downtown Oneonta provides easy access to a variety of retail and dining options. Its proximity to State Highways 231 and 75 offers convenient commuting to Huntsville and Cullman. The asking price is $282,500, and the owner is open to negotiation. This is an ideal investment for both new and experienced investors, particularly given the success of a similar duplex built by the same owner in Garden City. The property's APN is 081609313004020000.

    Property Features for 206 Washington Ave

    General Information

    Property type
    Multifamily properties
    Square Feet
    1,700 SF
    Class
    A
    Lot Size
    21,780 SF

    Building Details

    Year Built
    2024
    Buildings
    1
    Stories
    1
    Units
    2

    HighLights

    • Newly constructed Class A duplex in Oneonta, AL.
    • 1,700 square feet of net rentable space on a 0.5‑acre lot.
    • Two units, each with two parking spaces; currently vacant.
    • Located near downtown Oneonta, with easy access to Highways 231 and 75.
    • Asking price: $282,500, negotiable.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Oneonta
    County
    Blount
    State
    Alabama
    Longitude
    -86.4786427
    Latitude
    33.9420374

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    FAQs

    What type of property is this?
    Multifamily property - Brand new, 2-unit apartment building, vacant.
    Where is this multifamily property located?
    The property is located at 206 Washington Ave Oneonta, AL.
    What is the asking price?
    The asking price for this property is $282,500.
    What are key features of this property?
    This property features: Newly constructed Class A duplex in Oneonta, AL.; 1,700 square feet of net rentable space on a 0.5-acre lot.; Two units, each with two parking spaces; currently vacant.
    Request Owner's contact information
    206 Washington Ave Oneonta, AL 35121
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    206 Washington Ave Oneonta, AL 35121
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