3-Quadplexs, 12 units, Decatur, Al.
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3-Quadplexs, 12 units, Decatur, Al.
3 Multifamily Properties Offered at $1,299,000 in Decatur, AL
Investment Highlights
- All units are leased and updated
- Great investment Many of the units have been updated
- Rents are below market price
Executive Summary
This portfolio consists of three (3) multi-family apartments, each with four (4) two bedroom/1 bath each.
units. All three properties are professionally managed and have had upgrades. These properties are being sold
only as a package "AS IS"
The properties are owner managed and are well maintained. Current rents are well below the market
rents, making this value-add portfolio a great investment opportunity. Rent roll and T-12's upon request. No showings until the offer is made with proof of funds. showing of the units will be only during the inspection period. 100% occupancy.
The portfolio includes 1816 Glenn Street, 1803 Graymont Lane, and 1809 Windover Plan, Decatur, AL
units. All three properties are professionally managed and have had upgrades. These properties are being sold
only as a package "AS IS"
The properties are owner managed and are well maintained. Current rents are well below the market
rents, making this value-add portfolio a great investment opportunity. Rent roll and T-12's upon request. No showings until the offer is made with proof of funds. showing of the units will be only during the inspection period. 100% occupancy.
The portfolio includes 1816 Glenn Street, 1803 Graymont Lane, and 1809 Windover Plan, Decatur, AL
Taxes & Operating Expenses (Actual - 2023) |
Annual |
|---|---|
| Gross Rental Income |
-
|
| Other Income |
-
|
| Vacancy Loss |
-
|
| Effective Gross Income |
-
|
| Net Operating Income |
$60,000
|
Taxes & Operating Expenses (Actual - 2023)
| Gross Rental Income | |
|---|---|
| Annual | - |
| Other Income | |
|---|---|
| Annual | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Effective Gross Income | |
|---|---|
| Annual | - |
| Net Operating Income | |
|---|---|
| Annual | $60,000 |
Property Facts
| Price | $1,299,000 | Number of Properties | 3 |
| Price / SF | $125.00 / SF | Individually For Sale | 0 |
| Cap Rate | 5% | Total Building Size | 10,392 SF |
| Sale Type | Investment or Owner User | Total Land Area | 0.80 AC |
| Status | Active |
| Price | $1,299,000 |
| Price / SF | $125.00 / SF |
| Cap Rate | 5% |
| Sale Type | Investment or Owner User |
| Status | Active |
| Number of Properties | 3 |
| Individually For Sale | 0 |
| Total Building Size | 10,392 SF |
| Total Land Area | 0.80 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
|
Multi-family, 1816 Glenn Street, Decatur, AL
1816 Glenn St SW, Decatur, AL 35603 |
Multifamily | 3,496 SF | 1985 | - |
| 1809 Windover Plz SW, Decatur, AL 35603 | Multifamily | 3,448 SF | 1985 | - |
| 1803 Graymont Ln SW, Decatur, AL 35603 | Multifamily | 3,448 SF | 1985 | - |
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3-Quadplexs, 12 units, Decatur, Al.
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