Decatur, Alabama - 14 Unit Multifamily
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Decatur, Alabama - 14 Unit Multifamily
3 Multifamily Properties Offered at $1,600,000 in Decatur, AL
Investment Highlights
- Well maintained investment properties with in place cash flow.
- Decatur attractions such as Point Mallard Park, Cook's Natural Science Museum, and the Wheeler National Wildlife Refuge provide residents with escapes
Executive Summary
This investment portfolio offers 13 multifamily units and one single-family rental for a total of 14 units equipped with recent updates and upgrades such as a new roof at 201 8th Street, HVAC units in 2023 and 2024. Some upgrades include granite countertops, LVP flooring, new appliances, and a modern-style decor. Location is in close proximity to nearby shopping and entertainment, and offers an easy commute to the Toyota Mazda plant and other industry located between Decatur and Huntsville. These properties currently have a 92.8% occupancy rate.
Taxes & Operating Expenses (Actual - 2024) Click Here to Access |
Annual |
|---|---|
| Gross Rental Income |
$99,999
|
| Other Income |
-
|
| Vacancy Loss |
-
|
| Effective Gross Income |
$99,999
|
| Taxes |
$99,999
|
| Operating Expenses |
$99,999
|
| Total Expenses |
$99,999
|
| Net Operating Income |
$99,999
|
Taxes & Operating Expenses (Actual - 2024) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Other Income | |
|---|---|
| Annual | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
Property Facts
| Price | $1,600,000 | Number of Properties | 3 |
| Price / SF | $154.95 / SF | Individually For Sale | 0 |
| Cap Rate | 6.21% | Total Building Size | 10,326 SF |
| Sale Type | Investment | Total Land Area | 0.88 AC |
| Status | Active |
| Price | $1,600,000 |
| Price / SF | $154.95 / SF |
| Cap Rate | 6.21% |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 3 |
| Individually For Sale | 0 |
| Total Building Size | 10,326 SF |
| Total Land Area | 0.88 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
| 1203 North St, Decatur, AL 35601 | Multifamily | 3,602 SF | 1985 | - |
| 2005 Morgan Ave SW, Decatur, AL 35601 | Multifamily | 5,000 SF | 1952 | - |
| 201 8th Ave NW, Decatur, AL 35601 | Multifamily | 1,724 SF | 1986 | - |
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Decatur, Alabama - 14 Unit Multifamily
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