Investor Special! Exceptional opportunity to own a 9-unit, single-story apartment complex in the highly sought-after Seven Points area of Florence, just 1 mile from UNA Flowers Hall. This property features a triplex and three duplexes, offering a total of 9 doors with tremendous potential for added value.
Currently, the property is operating at a 7.71% cap rate, but there's significant upside for an investor willing to renovate and bring the units up to market rents. With strategic improvements, this property can unlock higher cash flow and increased value. The location is ideal, offering easy access to local amenities, educational institutions, and major transportation routes. 206,208,210,212,214, 216,218, 220, 222 Madison Ave. Buyer to verify all details.
Pending
$679,999
206 Madison Ave, Florence, AL 35630
--beds
--baths
9,068sqft
Est.:
Multi Family
Built in 1971
-- sqft lot
$-- Zestimate®
$75/sqft
$-- HOA
What's special
Apartment complex
- 32 days
- on Zillow |
- 226 |
- 17 |
Zillow last checked: 7 hours ago
Listing updated: April 16, 2025 at 12:02pm
Listed by:
Melissa Goduti,
Marmac Real Estate - The Shoals
Source: Strategic MLS Alliance,MLS#: 521582
Travel times
Facts & features
Interior
Features
- Has basement: No
Interior area
- Total structure area: 9,068
- Total interior livable area: 9,068 sqft
Property
Lot
- Size: 1.94 Acres
- Dimensions: 1.94 acres 2 parcels
Details
- Parcel number: 0
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Condition
- Year built: 1971
Utilities & green energy
- Sewer: Public Sewer
Community & HOA
Community
- Subdivision: None
HOA
- Has HOA: No
Location
- Region: Florence
Financial & listing details
- Price per square foot: $75/sqft
- Tax assessed value: $140,000
- Annual tax amount: $6,485
- Price range: $680K - $680K
- Date on market: 3/24/2025
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