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Duplex, Somerville Rd., Decatur 202 Somerville SE rd

2 Unit Apartment Building $350,000 ($175,000/Unit) 6% Cap Rate Decatur, AL 35601

Apartment Buildings Alabama Decatur 202 Somerville SE rd, Decatur, AL 35601

Investment Highlights

  • Great investment
  • Close to shopping, restaurants, and schools

Executive Summary

Fully leased at $1100/ unit/mo. tenant pays all utilities, sold "as is". No showings until offer is accepted with proof of funds, Showings will be during inspection only.

Property Facts

Price $350,000 Lot Size 0.17 AC
Price Per Unit $175,000 Building Size 3,624 SF
Sale Type Investment Average Occupancy 100%
Cap Rate 6% No. Stories 2
No. Units 2 Year Built 1956
Property Type Multifamily Parking Ratio 1.1/1,000 SF
Property Subtype Apartment Opportunity Zone Yes
State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Price $350,000
Price Per Unit $175,000
Sale Type Investment
Cap Rate 6%
No. Units 2
Property Type Multifamily
Property Subtype Apartment
Lot Size 0.17 AC
Building Size 3,624 SF
Average Occupancy 100%
No. Stories 2
Year Built 1956
Parking Ratio 1.1/1,000 SF
Opportunity Zone Yes
State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.

Unit Mix Information

Description No. Units Avg. Rent/Mo SF
4+2 2 $1,100 1,812

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PROPERTY TAXES

Parcel Number 03-04-20-1-002-035.000 Improvements Assessment $34,740
Land Assessment $1,420 Total Assessment $36,160

PROPERTY TAXES

Parcel Number
03-04-20-1-002-035.000
Land Assessment
$1,420
Improvements Assessment
$34,740
Total Assessment
$36,160
(205) 243-4667

Contact

  • Listing ID: 30447038

  • Date on Market: 12/27/2023

  • Last Updated:

  • Address: 202 Somerville SE rd, Decatur, AL 35601

More public record information on 202 Somerville SE rd, Decatur, AL 35601

The Downtown Decatur Multifamily Property at 202 Somerville SE rd, Decatur, AL 35601 is currently available. Contact Tortorigi Properties for more information.

Multifamily PROPERTIES IN NEARBY NEIGHBORHOODS

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202 Somerville SE rd, Decatur, AL for sale Primary Photo- Image 1 of 8
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Duplex, Somerville Rd., Decatur | 202 Somerville SE rd
(205) 243-4667 x

Duplex, Somerville Rd., Decatur | 202 Somerville SE rd

Jerry Tortorigi

(205) 243-4667

(205) 243-4667

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