Basics
| Date added Added 3 weeks ago | Type Condominium | Status Active | Area 1750 sq ft |
| Year built 2025 | County Tuscaloosa | MLS ID 173416 |
Description
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Description:
Unit 3 &4 In Downtown Rock Point Condominium Outstanding 1031 exchange opportunity on University Boulevard in downtown Tuscaloosa. National retail tenant with over 90 locations in 27 states beginning 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 5.49%, this is a solid investment in a growing community. The owner/listing agent is a licensed realtor in the State of Alabama.
Location
- Directions: Downtown Rock Point building on University Boulevard between the two Lurleen Wallace Boulevards across from Renesant Bank
- Lot Size Acres: 0.05 acres
Amenities & Features
- Utilities: ElectricityAvailable
- Cooling: CentralAir
- Heating: Central,Electric,Gas
Expenses, Fees & Taxes
- Association Fee: $600
- Tax Annual Amount: $4,892
- Insurance Expense: $139
Miscellaneous
- Association Fee Frequency: Monthly
- List Office Name: Keller Williams Tuscaloosa
