28 Shoals Blvd, Florence, AL 35630

Building Details

Year Built

1898

Listing agent James Martinez License #AL 000116284

Listing office Elysium Commercial Real Estate

Listing date Nov 6, 2024

Source Crexi

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Overview

This 2800 square foot property, known as the historic Jackson House, was built in 1898. It is a multi-unit Airbnb property with the potential to be converted into Division 1 college student housing. The property is currently generating an assumed annual net income of $58,000. The guest house is rented out at $1800 per month. The main house is currently rented at $425 per day, but could be stabilized by leasing out the 5 bedrooms individually. The garage is nearing completion and will be converted into a studio apartment. The property is ready to be certified as a historic home, but certification was delayed to allow for renovations.

Suggested Use

Real Estate Agency Law Firm Restaurant Dental Office Spa & Massage Center Hair Salon Building Supply Nail Salon Gym & Fitness Center Auto Repair Shop

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

Location Insight

• Map
• Local Demand

City

Florence

County

Lauderdale

State

Alabama

Longitude

-87.62422

Latitude

34.82387

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FAQs

What type of property is this?

Short term rental property - Multi-unit property with Airbnb income, near college.

Where is this short term rental 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: High income potential as a Multi‑unit Airbnb with an **11.6% CAP rate** based on current $58,000 annual net income.; Guest house provides a stable **$1800/month rental income**.; Opportunity to stabilize income further by leasing out the 5 bedrooms in the main house.