603 Hargrove Rd - Apartments FOR SALE


Tuscaloosa, AL 35401
$3,490,000 USD
205-292-1346
603 Hargrove Rd, Tuscaloosa, AL for Sale
$3,490,000 USD
Apartments - FOR SALE
1/14
null | 5% Cap Rate

603 Hargrove Rd
Tuscaloosa, AL 35401


HIGHLIGHTS

  • Fully occupied, Meadowbrook is an ideal property for investors looking to scale in the Tuscaloosa Market.
  • This asset is fully occupied, and rent is below market in many cases.
  • AVERAGE SF PER UNIT +/- 800 sf
  • NUMBER OF UNITS 48

OVERVIEW

Meadowbrook Apartments is a 1966 vintage 48- unit apartment community located in Tuscaloosa, Alabama. With two floor plans Ranging from 1 bedroom 1 bath to 2 bedrooms 1 bath, the average unit size is approximately 800 square feet. This asset is fully occupied, and rent is below market in many cases. Units were updated with paint, LVT flooring, and new lighting in 2019. These units have attracted working class residents who enjoy the central Tuscaloosa location at an affordable price.

FOR SALE DETAILS

PRICE

$3,490,000 USD

PRICE/SF

$90 USD /SF

# OF UNITS

48

PRICE/UNIT

$72,708

CAP RATE

5%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Meadowbrook Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1966

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.52 AC

LAND SF

66,211 SF

ZONING

BN

APN/PARCEL ID

31-07-25-4-007-005.000

ASK ABOUT THIS PROPERTY

Neal DichiaraHarwood Real Estate, LLCMore Info
205-292-1346

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Neal DichiaraHarwood Real Estate, LLCMore Info
205-292-1346

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.