Five unit apartment building plus a single-family rental

2005 Morgan Avenue Southwest, Decatur, AL 35601

  • For Sale $735,000
  • Property Type Multi-Family
  • Property Size 5,854 SF
  • Units 6
  • Lot Size 0.35 Acre
  • Property Tenancy Multi-Tenant
  • Year Built 1984
  • Year Renovated 2024
  • Date Updated Mar 26, 2025
Located in the vibrant city of Decatur, AL, the area around the property offers a thriving hub of commerce, culture, and convenience. Nearby, you'll find an array of dining options, including popular eateries like Big Bob Gibson Bar-B-Q and Mellow Mushroom, perfect for business lunches and client meetings. For entertainment, the charming Cook Museum of Natural Science and the Old State Bank provide cultural enrichment just a stone's throw away. With its desirable location and access to amenities, Decatur offers an attractive backdrop for investors seeking to establish or expand their presence in this dynamic community.This investment property features a 5-unit multifamily building plus a 1694 sf. single-family rental. Full occupancy offers immediate rental income. Opportunity to purchase as a 10-unit portfolio by including a 4-plex apartment building located at 201 8th Avenue, Decatur, AL for additional $425,000. Tenants pay electric and trash. Owner pays taxes, insurance, and water.
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Highlights

  • - Two Units have new HVACS from 2020 and 2021
  • - Recently renovated units
  • - Convenient to Decatur shopping and restaurants
  • - 100% occupancy
  • - Opportunity to purchase as a 10-unit portfolio

Contacts

broker
Len Johnson

Gateway Alabama Realty Group

Location

Getting Around

  • Walk Score ®

    46/100 Car-Dependent

  • Bike Score ®

    47/100 Somewhat Bikeable
Powered by Walk Score ®
  • City Decatur, AL
  • Zip Code 35601
  • Market Huntsville

Points of Interest

  • Murphy USA

    1.31 miles

  • Shell

    1.43 miles

  • Texaco

    1.67 miles

  • Mapco

    1.68 miles

  • Walmart

    1.86 miles

  • Kroger

    2.02 miles

  • Snackers

    2.67 miles

  • Phillips 66

    2.77 miles

  • Fuel station

    2.98 miles

  • RaceWay

    3.32 miles

  • Lot 19C

    5.87 miles

  • Lot 19A

    5.93 miles

  • Lot 19B

    5.95 miles

  • Lot 17A

    5.99 miles

  • Lot 20B

    6.01 miles

  • Lot 15A

    6.04 miles

  • Lot 20A

    6.05 miles

  • Lot 16B

    6.10 miles

  • Lot 16A

    6.14 miles

  • Student/Faculty

    6.14 miles

  • Baymont Decatur

    0.33 miles

  • Quality Inn Decatur River City

    0.74 miles

  • Hampton Inn Decatur

    0.80 miles

  • La Quinta Inn Decatur

    1.01 miles

  • Sleep Inn & Suites

    1.24 miles

  • Best Western

    1.43 miles

  • Residence Inn

    1.47 miles

  • Courtyard

    1.52 miles

  • Holiday Inn Express

    1.74 miles

  • Fairfield Inn & Suites

    2.39 miles

  • McDonald's

    0.36 miles

  • Chick-fil-A

    0.45 miles

  • Taco Bell

    0.47 miles

  • Pizza Hut

    0.47 miles

  • Burger King

    0.83 miles

  • Whitt's Barbeque

    0.97 miles

  • Buffalo Wild Wings

    1.11 miles

  • KFC

    1.13 miles

  • Golden Corral

    1.15 miles

  • Arby's

    1.21 miles

  • Austin Junior High School

    0.38 miles

  • Woodmead Elementary School

    0.73 miles

  • Austinville Elementary School

    0.77 miles

  • Decatur City Head Start

    1.00 miles

  • Community Action Partnership of North AL

    1.08 miles

  • Austin Middle School

    1.27 miles

  • Julian Harris Elementary

    1.54 miles

  • Moulton Heights Elementary School

    1.59 miles

  • West Decatur Elementary School

    1.72 miles

  • Moulton Heights Junior High School

    1.88 miles

Frequently Asked Questions

How much does Five unit apartment building plus a single-family rental cost?

The space currently listed for sale at Five unit apartment building plus a single-family rental asks for $735,000.

What is the total square footage of Five unit apartment building plus a single-family rental?

Five unit apartment building plus a single-family rental totals 5,854 square feet.

When was this property built?

Five unit apartment building plus a single-family rental was built in 1984.

Looking for more in-depth information on this property?

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Contact Listing Broker
broker
Len Johnson

Gateway Alabama Realty Group

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