1. Alabama
  2. Florence
  3. 525 E Lelia Street
$3,999,000

525 E Lelia Street, Florence, AL 35630

  • 1,089 sqft
  • Property Icon Commercial Property
  • Property Year Built Icon Built in ——
  • Property Lot Size Icon0.25acre lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $3,672/sqft
  • Property List Date Icon Listed 3 months ago

Property Description

Great investment opportunity in Northwest Alabama. 29 single family homes and 2 duplexes in Florence and Muscle Shoals area. Gross annual rent is $406,932. Cap rate 7.8%. Most homes have been renovated within the past two years. Homes are in great locations with high rental demand. All properties including lease amount, bedroom/bath/sq footage, parcel #, & legal description are listed on an attachment in the document section of Paragon. To view properties a sales agreement contract must be signed with proof of funds receive

Listing Status:
Active
Listing Office:
The Agency On Pine : 256-275-4075
MLS ID:
21881842
  • Flooring: See Remarks

This listing courtesy of The Agency On Pine

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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Location

Schools Nearby

K

Kilby Laboratory School

611 N Pine St, Florence, AL, 35632

Grades PK-6

0.88 miles away

F

Florence Middle School

648 N Cherry St, Florence, AL, 35630

Grades 7-8

0.53 miles away

F

Florence High School

1201 Bradshaw Dr, Florence, AL, 35630

Grades 10-12

1.33 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.