Seller's Agent in 2025
Melissa Goduti
MarMac Real Estate - The Shoals
(256) 284-0351
5 in this area
20 Total Sales
206 Madison Ave Florence, AL 35630
North Florence Neighborhood
--
Bed
--
Bath
9,068
Sq Ft
84,506
Sq Ft Lot
Highlights
- 1.94 Acre Lot
- No HOA
- 1-Story Property
About This Home
As of June 2025Investor 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.
Last Agent to Sell the Property
MarMac Real Estate - The Shoals License #000164903 Listed on: 03/25/2025
Last Buyer's Agent
MarMac Real Estate - The Shoals License #000164903 Listed on: 03/25/2025
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $6,486
Year Built
- Built in 1971
Lot Details
- 1.94 Acre Lot
Interior Spaces
- 9,068 Sq Ft Home
- 1-Story Property
Schools
- Florence Elementary And Middle School
- Florence High School
Community Details
- No Home Owners Association
- 4 Buildings
- 9 Units
- Florence Community
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Apr 2, 2019
Sold by
Haataja Holding Llc
Bought by
Vivaan Llc
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$304,314
Outstanding Balance
$267,001
Interest Rate
4.4%
Mortgage Type
New Conventional
Estimated Equity
$319,885
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $350,000 | None Available |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $304,314 | New Conventional |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 06/18/2025 06/18/25 | Sold | $544,000 | -20.0% | $60 / Sq Ft |
| 04/18/2025 04/18/25 | Off Market | $679,999 | -- | -- |
| 04/15/2025 04/15/25 | Pending | -- | -- | -- |
| 03/24/2025 03/24/25 | For Sale | $679,999 | -- | $75 / Sq Ft |
Source: Strategic MLS Alliance (Cullman / Shoals Area)
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $1,642 | $33,520 | $0 | $0 |
| 2024 | $1,642 | $31,340 | $2,100 | $29,240 |
| 2023 | $1,536 | $1,900 | $1,900 | $0 |
| 2022 | $1,432 | $29,220 | $0 | $0 |
| 2021 | $1,183 | $24,140 | $0 | $0 |
| 2020 | $1,041 | $21,240 | $0 | $0 |
| 2019 | $1,041 | $21,240 | $0 | $0 |
| 2018 | $844 | $17,220 | $0 | $0 |
| 2017 | $821 | $16,760 | $0 | $0 |
| 2016 | $778 | $15,880 | $0 | $0 |
| 2015 | $954 | $19,460 | $0 | $0 |
| 2014 | $902 | $18,400 | $0 | $0 |
Source: Public Records
Agents Affiliated with this Home
-
Melissa Goduti
-
Hannah Taylor
Seller Co-Listing Agent in 2025
Hannah Taylor
Nxcel Realty
(256) 710-5098
1 in this area
3 Total Sales
Map
Source: Strategic MLS Alliance (Cullman / Shoals Area)
MLS Number: 521582
APN: 24-02-03-3-001-064.000
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