Corry Group is pleased to announce the exclusive opportunity to purchase 8 rental houses and 1.5 acres in the heart of Tuscaloosa, AL. The property includes 618 4th St. NE through 627 5th St. NE Tuscaloosa, AL 35404 which is located directly off McFarland Boulevard (46,632 AADT) and Jack Warner Parkway (22,548 AADT). Additionally, this property is located in an Opportunity Zone which helps incentivize development. 7 out of the 8 houses are neighboring to create a contiguous 1.23 acres. These rental houses are surrounded by apartments and student housing which all have substantially higher rents. 4 out of the 8 rental properties are occupied which creates opportunity for a new owner to lease up. The current owner has not actively tried to lease the vacant rentals due to their interest in selling. This property is minutes from the University of Alabama campus, so it has the potential to house students as well. Additionally, the rental houses are currently zoned Residential R-4 and cannot exceed 15 units per acres. All the apartments and student housing surrounding the subject property are zoned RMF-1 and have a much higher density than 15 units per acre. This allows an opportunity for the property to be rezoned and developed into a multifamily or student housing project with a much higher density and value. These Tuscaloosa rental houses create a unique opportunity for an investor to acquire strategically located, cash flowing properties that can be either improved through management and lease up or rezoned and developed into a larger multifamily or student housing project.