Decatur 14-unit Multifamily Portfolio
2005 Morgan Ave., 1203 North St., and 201 8th Ave., Decatur, AL
Decatur, AL 35601 and 35603
Highlights
- - 12,828 SF, four separate buildings, total of 14 units
- - Impressive 92.8% occupancy rate
- - Value-add opportunity with achieved proven market rents
- - Well maintained with recent updates and upgrades
- - Some unit upgrades may include granite countertops
- - New roof installed in 2022
- - New HVAC units added in 2022, 2023 and 2024
Description
Introducing an exceptional investment opportunity in Decatur, AL – a 12,828 SF, four separate buildings comprising 14 units, boasting an impressive 92.8% occupancy rate. This multifamily portfolio presents a compelling value-add prospect with established market rents, recent updates, including a new roof installed in 2022, and new HVAC units added in 2022, 2023, and 2024, recent updates and upgrades. Meticulously maintained and primed for success, this property offers an ideal blend of stability plus potential upside for savvy investors seeking a multifamily/low-rise/garden property with promising returns.
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.
