Decatur, Alabama - 14 Unit Multifamily Multi-Family FOR SALE


Decatur, AL
$1,600,000 USD
256-509-2078
, Decatur, AL for Sale
$1,600,000 USD
Multi-Family - FOR SALE
1/17
null | 6.21% Cap Rate

Decatur, Alabama - 14 Unit Multifamily
Decatur, AL


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

OVERVIEW

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.

ASK ABOUT THIS PROPERTY

Len JohnsonGateway Alabama Realty Group, LLCMore Info
256-509-2078

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Len JohnsonGateway Alabama Realty Group, LLCMore Info
256-509-2078

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.