Decatur 18-unit Multifamily Portfolio
2005 Morgan Ave., 1203 North St., 201 8th Ave., and 1221 Grant St., Decatur, AL
Decatur, AL 35601 and 35603
Highlights
- - 16,354 SF, 5 separate buildings, total of 18 units
- - Impressive 83.3% 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
Description
Introducing an exceptional investment opportunity in Decatur, AL – a 16,354 SF, five separate buildings comprising 18 units, boasting an impressive 83.3% 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.
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.
