2925 Hargrove E Rd
Turnkey 8-unit condo complex offering stable cash flow and strong rental demand!
Marketing description
Turnkey 8-unit condo complex offering stable cash flow and strong rental demand just minutes from the University of Alabama and central Tuscaloosa. Each 2-bed, 2-bath unit features modern layouts and low-maintenance finishes, attracting long-term tenants and minimizing turnover. With consistent rents $1,300 per month, this property delivers a solid NOI and offers investors a rare opportunity to acquire a fully occupied asset in a high-growth rental corridor. Ideal for seasoned investors seeking immediate income and long-term appreciation potential in a proven market.
Investment highlights
Neighborhood Demographics & Recent Comparable Sales
TUSCALOOSA, AL — Key Demographics
Population (2023): ~111,339 residents Census Reporter
Median Age: 24.7 years Census Reporter
Number of Households: ~42,870 Census Reporter
Median Value of Owner-Occupied Homes: ~$252,200 Census Reporter
Educational Attainment: ~38.8% of residents hold a bachelor’s degree or higher Census Reporter
Income & Growth (Tuscaloosa County reference):
• Median Household Income: ~$52,307 Tcoeda+1
• Average Household Income: ~$74,616 Tcoeda
• County-wide growth ~16.6% since 2010 Tcoeda
Recent Comparable Sales & Market Trends
The median sale price for homes in Tuscaloosa over the past 12 months is ~$270,000 (up ~15% YoY) Homes.com
In the past month, 113 condos and 23 townhouses were sold in Tuscaloosa Redfin
Three condo / townhome units in the local market recently sold for $1M+ in a single month, indicating high-end investor activity Tuscaloosa News
A nearby comparable: 1228 8th Street, Apt 423 (~974 sq ft, 2 BR / 2 BA) reportedly sold for $650,000 Zillow
Closing Statement
These demographic foundations and recent sales activity underscore robust demand, investor appetite, and upward pricing pressure in Tuscaloosa’s condo and multifamily sectors. This asset is well positioned for both cash flow and appreciation in a thriving regional market.
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