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About This Home

This 10-bedroom, 10-bathroom multi-family at 1006 ELMWOOD DRIVE in TUSCALOOSA, AL is listed for $2,150,000. Built in 2022, on a N/A lot.

Agent Description

Outstanding on-campus investment opportunity featuring a 10-bedroom, 10-bathroom multi-family property that is fully leased through July 2027. Only four years old, each side offers a spacious 5BR/5BA layout with its own laundry area, comfortable den, and full kitchen designed for modern student living.

The interiors feature granite countertops, stainless steel appliances, and durable LVP flooring throughout with no carpet, making the property both attractive and easy to maintain. Each unit also includes private balconies and garage space, adding convenience and appeal for tenants. With a highly walkable location right on campus and strong lease terms already in place, this property is a true turnkey investment with reliable income potential.

Key Features

  • Built in 2022

Property Details

10 full
2022

Monthly Cost Estimate

$11,499/mo

20% down · 6.5% · 30 years

Principal$1,555
Interest$9,317
Insurance$627

Estimates only. Actual payments may vary.

Location

1006 ELMWOOD DRIVE

TUSCALOOSA, AL 35401

Elmwood Drive

Property Details

Heating

Electric (Heating)

Cooling

Electric

Questions & Answers

This 10-bedroom, 10-bathroom multi-family at 1006 ELMWOOD DRIVE is listed at $2,150,000. The estimated monthly payment is $9,317 based on 20% down at 6.5% interest.

Key features include: Built in 2022.

This property is listed by Jason Gray and can be reached at 2053933044 or jasongrayhomes@gmail.com.

JG

Jason Gray

Agent at Keller Williams Tuscaloosa

(205) 393-3044

Listed by Keller Williams Tuscaloosa · View on Broker Site

MLS# 21444794· Source: listhub· Updated 43 days ago

Copyright © 2026 Greater Alabama MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

1006 ELMWOOD DRIVE, TUSCALOOSA, AL 35401

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