76 North Court Sq Troy, AL 36081
Property profile & analytics
76 North Court Sq Troy, AL 36081
- Office properties & Spaces
- 2,093 SF
- 0.05 lot acres
Property ID
US03-2342611
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- The Confetti Crate / Clothing & Fashion Store
Property Details for 76 North Court Sq
- Year built
- 1890
- Lot size
- 0.05 lot acres
- Property size
- 2,093 SF
- Zone code
- C
- Property type
- Office properties & Spaces
- APN
- 55 10 09 29 3 304 032.000
- APU
- 551009293304032000
Description
This exceptional investment opportunity presents a meticulously renovated, six-unit mixed-use property located in the heart of Troy, Alabama. The portfolio comprises three buildings totaling 10,402 square feet, situated on a 1,873 square foot lot. Originally constructed in 1894 and thoughtfully updated in 2017, this property offers a unique blend of historic charm and modern amenities. The portfolio includes three Airbnb units, two traditional multi-family units, and one retail space, creating a diverse and resilient income stream. Currently operating at 100% occupancy, the property boasts a strong NOI of $107,388, with a pro-forma NOI projected at $124,633, resulting in a pro-forma cap rate of 8.90%. The asking price is $1,400,000, translating to $134.59 per square foot and $233,333.33 per unit. The buildings are three stories high and benefit from their prime location in downtown Troy, just over a mile from Troy University, surrounded by thriving businesses and attractions. This turnkey investment is ideal for those seeking a high-yield, value-add opportunity in a desirable location. The property's strong performance and potential for further growth make it a compelling investment prospect. The current cap rate of 7.67% offers immediate returns, while the pro-forma cap rate suggests significant upside potential. This is a rare chance to acquire a well-maintained, historically significant property with a proven track record of success.
Value Estimations
based on Realmo’s proprietary methodology
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
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Location Insight
- Map
- Local Demand
- City
- Troy
- County
- Pike
- State
- Alabama
- Longitude
- -85.9718
- Latitude
- 31.8081
- CBSA code
- 45980
- CBSA name
- TROY, AL MICROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$1,323
$0.00
$0.00
$35,800
-
$7,700
$171,340
$179,040
