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    Apartment buildings

    206 Washington Ave, Oneonta, AL 35121

    1,700 SF 0.5 ac lot Built 2024
    Property ID
    Property summary
    AI-generated overview

    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 profile
    Verified
    Property type Apartment buildings
    Year built 2024
    Total area 1,700 SF
    Lot 0.5 ac (21,780 SF)
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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