The Mimosa

Single Family

1419

Sqft

2016

Details
Financials
Performance

$215,000

Purchase Price

$1,495

Rent / Mo

50%

Property Leverage

6208 Mimosa Gardens Drive, Tuscaloosa, AL 35405

About

The Mimosa is a 3-bedroom, 2-bathroom home located in Tuscaloosa, Alabama. It features an open floor plan with a great foyer for entertaining, a gas fireplace, a large laundry unit on the main level, and an attached 2-car garage.

Tenant Leasing Process

The time needed to sign the first tenant lease is variable and can depend on several factors including seasonality and whether the property requires any sort of renovation. Historically the average time to lease has been 45 days and has ranged from a minimum of 7 days to over 90 days. For more details on each status, check out the different rental statuses here.

Rented

Rental Status

This property is eligible to start receiving dividends after its first lease is signed.

The Market

Tuscaloosa, AL

Tuscaloosa is one of the largest cities in Alabama and is home to The University of Alabama with over 33% of the population having bachelor's degree or higher. The city lives and breathes collegiate football, while maintaining a dense urban feel and great family friendly neighborhoods. In terms of accessibility, the city is surrounded by several highways, including Interstates 20 and 59; U.S. Routes 11, 43, and 82; and Alabama State Highways 69, 215, and 215. The city also houses Mercedes-Benz U.S. International (MBUSI), which is a Mercedes-Benz automobile manufacturing plant that proudly produces several models as well as various job opportunities.

Common Questions

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