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About This Home
This 0-bedroom, 0-bathroom single family at 2711 Gary Fitts Street in Tuscaloosa, AL is listed for $1,200,000 ($259 per sqft). Built in 1887, the home offers 4,630 sqft of living space on a 0.18 acres lot.
Investment property. Zoned Downtown District. Estimated first year bonus depreciation (not intended for reliance and subject to buyer's advice from its own tax professionals) is $240,000. Tenant is South Oak Title, a regional credit tenant with offices in multiple SE states.
Five year lease commenced 8/23/24, with one five-year renewal option. NNN. Annual rent increases, with $5,500 per month starting 9/1/25. IRR almost 8% with realistic disposition sales price at end of Year 5 and 5% sales costs. Contact listing agent for NDA, lease synopsis and relevant zoning ordinances. Full lease available for review with signed contract. Do not contact tenant.
Key Features
- Built in 1887
- 0.18 acre lot
Property Details
Monthly Cost Estimate
$6,418/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
2711 Gary Fitts Street
Tuscaloosa, AL 35401
Questions & Answers
This 0-bedroom, 0-bathroom single family at 2711 Gary Fitts Street is listed at $1,200,000 ($259/sqft). The estimated monthly payment is $5,200 based on 20% down at 6.5% interest.
Key features include: Built in 1887, 0.18 acre lot.
This property is listed by Denise Evans and can be reached at 2053103799 or denise@butlerevansrealestate.com.
