2531 University Boulevard Unit 3&4, Tuscaloosa, AL 35401

$579,000
1,750
SqFt
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List Price
$579,000
Price Change
▼ $10,000 1791318977
MLS#
173416
Status
ACTIVE
County
Tuscaloosa
City
Tuscaloosa
Living Area
1,750
Acres
0.05
Property Subtype
Condominium
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Property Description

Outstanding 1031 exchange opportunity on University Boulevard in downtown Tuscaloosa. National retail tenant with over 90 locations in 27 states is in year two of a five-year lease with 10% increase at renewal. Newly built in 2024 with significant tenant renovation in 2025 makes it a maintenance-free property and with a cap rate of 5.69%, this is a solid investment in a growing community. The owner/listing agent is a licensed realtor in the State of​​‌​​​​‌​‌​​​​‌‌​​‌‌​‌‌​​‌​​​‌​‌ Alabama.

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Additional Information

Days on Market
240
Year Built
2025
Cooling
Central Air
Heating
Central, Electric, Gas
Hoa Fee
$600
HOA Fee Frequency
Monthly
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Calculator source: Real Geeks

Listing courtesy of Keller Williams Tuscaloosa.