Decatur Multifamily 18-unit Portfolio

2005 Morgan Ave., 1203 North St., 201 8th Ave., and 1221 Grant St., Decatur, AL, Decatur, AL 35601

  • For Sale $2,000,000
  • Property Type Multi-Family
  • Property Size 16,354 SF
  • Units 18
  • Additional Rent Contact for pricing
  • Property Tenancy Multi-Tenant
  • Date Updated Nov 15, 2024
Nestled in Decatur, a city brimming with charm and opportunity, the location presents a wealth of amenities and conveniences for residents. With a variety of dining options, shopping destinations, and entertainment venues just moments away, residents enjoy a vibrant and dynamic community. Parks, schools, and healthcare facilities are easily accessible, ensuring a convenient and fulfilling lifestyle. The area's strong rental market and growing economy offer favorable conditions for real estate investment. Nearby attractions such as Point Mallard Park, Cook's Natural Science Museum, and the Wheeler National Wildlife Refuge provide residents with endless opportunities for leisure and exploration.Introducing an exceptional investment opportunity in Decatur, AL – a 16,354 SF, five separate buildings comprising 18 units, boasting an impressive 89% occupancy rate. This multifamily gem presents a compelling value-add prospect with established market rents, recent updates, including a new roof installed in 2022, and three new HVAC units added in 2023. Meticulously maintained and primed for success, this property offers an ideal blend of stability and potential for savvy investors seeking a multifamily/low-rise/garden property with promising returns.

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Attachments

Highlights

  • - 16,354 SF, 5 separate buildings, total of 18 units
  • - Impressive 89% occupancy rate
  • - Value-add opportunity with achieved market rents
  • - Well maintained with recent updates
  • - New roof installed in 2022
  • - Three new HVAC units added in 2023

Contacts

broker

Len Johnson

Gateway Alabama Realty Group

Location

Getting Around

  • Walk Score ®

    49/100 Car-Dependent
  • Bike Score ®

    56/100 Bikeable
Powered by Walk Score ®
  • City Decatur, AL
  • Zip Code 35601
  • Market Huntsville

Points of Interest

  • Fuel station

    0.72 miles

  • Walmart

    1.01 miles

  • Wally's

    1.42 miles

  • Kroger

    2.77 miles

  • Shell

    3.11 miles

  • James's Food Mart

    3.13 miles

  • Mapco

    3.41 miles

  • Murphy USA

    3.42 miles

  • Texaco

    3.47 miles

  • Lot 19C

    3.21 miles

  • Lot 19A

    3.25 miles

  • Lot 19B

    3.27 miles

  • Lot 20B

    3.35 miles

  • Lot 17A

    3.36 miles

  • Lot 20A

    3.39 miles

  • Lot 15A

    3.40 miles

  • Lot 16B

    3.45 miles

  • Lot 16A

    3.49 miles

  • Lot 14A

    3.53 miles

  • DoubleTree

    0.76 miles

  • Fairfield Inn & Suites

    0.86 miles

  • Home2 Suites by Hilton Decatur Ingalls Harbor

    1.96 miles

  • Econo Lodge

    2.81 miles

  • Baymont Decatur

    3.15 miles

  • Sleep Inn & Suites

    3.25 miles

  • Hampton Inn Decatur

    3.27 miles

  • Quality Inn Decatur River City

    3.28 miles

  • La Quinta Inn Decatur

    3.31 miles

  • Best Western

    3.42 miles

  • Zaxby's

    0.56 miles

  • Mi Hacienda

    0.60 miles

  • Let's Do Lunch

    0.61 miles

  • Jack's

    0.61 miles

  • Hardee's

    0.65 miles

  • Whitt's Barbeque

    0.73 miles

  • McDonald's

    0.99 miles

  • Hard Dock

    1.02 miles

  • Bank Street Grill

    1.16 miles

  • El Palomino

    1.22 miles

  • Grace Baptist Elementary School

    0.19 miles

  • Carver Elementary School

    0.49 miles

  • Decatur High School

    0.56 miles

  • Gordon Bibb School

    0.75 miles

  • Alabama Center for the Arts

    0.91 miles

  • Oak Park Elementary School

    1.00 miles

  • West Decatur Elementary School

    1.57 miles

  • Walter Jackson Elementary School

    1.75 miles

  • Lakeview Elementary School

    1.95 miles

  • Community Action Partnership of North AL

    2.05 miles

Frequently Asked Questions

How much does Decatur Multifamily 18-unit Portfolio cost?

The space currently listed for sale at Decatur Multifamily 18-unit Portfolio asks for $2,000,000.

What is the total square footage of Decatur Multifamily 18-unit Portfolio?

Decatur Multifamily 18-unit Portfolio totals 16,354 square feet.

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Contact Listing Broker

broker

Len Johnson

Gateway Alabama Realty Group