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Pending
  • $679,999

    206 Madison Ave, Florence, AL 35630

    --beds
    --baths
    9,068sqft
    : 
    Multi Family
    Built in 1971
    -- sqft lot
    $-- Zestimate®
    $75/sqft
    $-- HOA

    What's special

    Apartment complex
    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.
    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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