106 S Water St Tuscumbia, AL 35674
- Commercial real estate
- 5,724 SF
- 0.19 lot acres
Current Use by Public Records
- Poppop's Boxing Gym / Boxing Gym
Property Details for 106 S Water St
- Year built
- 1991
- Lot size
- 0.19 lot acres
- Property size
- 5,724 SF
- Property type
- Commercial real estate
Description
This 5,724 sq ft commercial building in Tuscumbia, Alabama, presents a compelling investment opportunity. Situated on a 0.19-acre lot at 106 S Water St, the property boasts multiple income streams. The second floor features two apartments: a one-bedroom, one-bathroom unit and a two-bedroom, one-bathroom unit. Post-rehabilitation, these units offer strong rental potential, with estimates of $600 and $750 per month respectively. Additionally, there's an efficiency apartment with a large shop currently rented for $66 per month, with the tenant expressing interest in remaining. A separate shop is also rented at $600 per month, with the tenant willing to renew. Finally, a commercial space currently occupied by "Pop's" is available, featuring a living area, and is at the end of its current lease. The property is being sold "AS IS," and the buyer is responsible for verifying all information. The total potential monthly rental income after renovations is estimated between $3,500 and $4,000. This property offers significant upside for a savvy investor seeking a strong return on investment in a desirable location. The current tenants provide immediate cash flow, while the potential for increased rental income after renovations makes this a truly attractive opportunity.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Tuscumbia
- County
- Colbert
- State
- Alabama
- Longitude
- -87.70541
- Latitude
- 34.73202
