Prime Investment Opportunity! 8% Cap Rate / 10.5% Proforma. Across from Central High School. This fully rented, income-generating triplex is a must-see for investors looking to expand their portfolio. Located in a highly desirable neighborhood, the property offers three spacious units, each with tenants in place, ensuring immediate cash flow. With a strong rental history and waiting list , this triplex is a perfect turn-key investment.
Each unit boasts comfortable living spaces, lots of off street parking and separate utilities for tenants' convenience. Situated on a large lot for future development if allowed by the county, this property provides an excellent opportunity for stable, passive income. Don't miss out on this rare multifamily gem!
Pending
$239,999
450 County Road 279, Florence, AL 35633
--beds
--baths
2,688sqft
Est.:
Triplex, Multi Family
Built in 1930
-- sqft lot
$-- Zestimate®
$89/sqft
$-- HOA
What's special
Spacious unitsComfortable living spaces
- 33 days
- on Zillow |
- 16 |
- 0 |
Zillow last checked: 7 hours ago
Listing updated: March 25, 2025 at 12:22pm
Listed by:
Melissa Goduti,
Marmac Real Estate - The Shoals
Source: Strategic MLS Alliance,MLS#: 521579
Travel times
Facts & features
Interior
Features
- Has basement: No
Interior area
- Total structure area: 2,688
- Total interior livable area: 2,688 sqft
Property
Lot
- Size: 0.8 Acres
- Dimensions: .80 acres
Details
- Parcel number: 1402100003015.000
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Triplex, Multi Family
- Attached to another structure: Yes
Condition
- Year built: 1930
Utilities & green energy
- Sewer: Septic Tank
Community & HOA
Community
- Subdivision: None
HOA
- Has HOA: No
Location
- Region: Florence
Financial & listing details
- Price per square foot: $89/sqft
- Annual tax amount: $1,521
- Price range: $240K - $240K
- Date on market: 3/24/2025
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