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    28 Shoals Blvd Florence, AL 35630

    For Sale
    $499,000

    High-Yield Alabama Hospitality Property

    Property size:
    2,800 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    368
    This exceptional investment opportunity presents a historic 2-unit hotel/motel in Florence, Alabama, boasting a substantial 11.62% capitalization rate and a strong net operating income (NOI) of $58,000. The property, known as the Jackson House, comprises three buildings on a 0.45-acre lot, totaling 2,800 square feet. Built in 1898 and extensively renovated in 2022, this charming two-story property offers two keys, currently operating as a successful Airbnb with multiple income streams. One unit generates $1,800 monthly rental income, while the main house commands $425 per night. Further income potential exists by leasing the five bedrooms individually, or by completing the nearly finished garage conversion into a studio apartment. Conveniently located at 28 Shoals Blvd, Florence, AL 35630, this property benefits from proximity to a Division 1 college and easy access to the Shoals area. The property is poised for continued growth and offers a compelling return on investment for discerning buyers. While not yet certified, the property is ready to be registered as a historic landmark. This presents a unique opportunity to acquire a profitable, historic property with significant upside potential.

    Property Features for 28 Shoals Blvd

    General Information

    Property type
    Multifamily properties
    Square Feet
    2,800 SF
    Class
    B
    Lot Size
    19,602 SF

    Building Details

    Year Built/Renovated
    1898/2022
    Buildings
    3
    Stories
    2
    Units
    2

    HighLights

    • Multi‑family investment opportunity with multiple income streams.
    • Proximity to a Division I college campus.
    • Excellent access to the Shoals area.
    Property Profile Location Intelligence

    Current Use by Public Records

    Motels

    Suggested Use

    Realty agency Law Firm Restaurant Dental Office Spa & Massage Hair Salon Building Supply Nail Salon Clothing Store Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Florence
    County
    Lauderdale
    State
    Alabama
    Longitude
    -87.6242943
    Latitude
    34.823956

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    FAQs

    What type of property is this?
    Multifamily property - High-Yield Alabama Hospitality Property
    Where is this multifamily property located?
    The property is located at 28 Shoals Blvd Florence, AL.
    What is the asking price?
    The asking price for this property is $499,000.
    What are key features of this property?
    This property features: Multi-family investment opportunity with multiple income streams.; Proximity to a Division I college campus.; Excellent access to the Shoals area.
    Request Owner's contact information
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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
    28 Shoals Blvd Florence, AL 35630
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