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

2005 Morgan Ave., 1203 North St., 201 8th Ave., and 1221 Grant St., Decatur, AL, Decatur, AL, 35601 and 35603
2005 Morgan Ave., 1203 North St., 201 8th Ave., and 1221 Grant St., Decatur, AL, Decatur, AL, 35601 and 35603 2005 Morgan Ave., 1203 North St., 201 8th Ave., and 1221 Grant St., Decatur, AL, Decatur, AL, 35601 and 35603 2005 Morgan Ave., 1203 North St., 201 8th Ave., and 1221 Grant St., Decatur, AL, Decatur, AL, 35601 and 35603 2005 Morgan Ave., 1203 North St., 201 8th Ave., and 1221 Grant St., Decatur, AL, Decatur, AL, 35601 and 35603 2005 Morgan Ave., 1203 North St., 201 8th Ave., and 1221 Grant St., Decatur, AL, Decatur, AL, 35601 and 35603 2005 Morgan Ave., 1203 North St., 201 8th Ave., and 1221 Grant St., Decatur, AL, Decatur, AL, 35601 and 35603 2005 Morgan Ave., 1203 North St., 201 8th Ave., and 1221 Grant St., Decatur, AL, Decatur, AL, 35601 and 35603 2005 Morgan Ave., 1203 North St., 201 8th Ave., and 1221 Grant St., Decatur, AL, Decatur, AL, 35601 and 35603 2005 Morgan Ave., 1203 North St., 201 8th Ave., and 1221 Grant St., Decatur, AL, Decatur, AL, 35601 and 35603 2005 Morgan Ave., 1203 North St., 201 8th Ave., and 1221 Grant St., Decatur, AL, Decatur, AL, 35601 and 35603 2005 Morgan Ave., 1203 North St., 201 8th Ave., and 1221 Grant St., Decatur, AL, Decatur, AL, 35601 and 35603 2005 Morgan Ave., 1203 North St., 201 8th Ave., and 1221 Grant St., Decatur, AL, Decatur, AL, 35601 and 35603 2005 Morgan Ave., 1203 North St., 201 8th Ave., and 1221 Grant St., Decatur, AL, Decatur, AL, 35601 and 35603 2005 Morgan Ave., 1203 North St., 201 8th Ave., and 1221 Grant St., Decatur, AL, Decatur, AL, 35601 and 35603 2005 Morgan Ave., 1203 North St., 201 8th Ave., and 1221 Grant St., Decatur, AL, Decatur, AL, 35601 and 35603 2005 Morgan Ave., 1203 North St., 201 8th Ave., and 1221 Grant St., Decatur, AL, Decatur, AL, 35601 and 35603 2005 Morgan Ave., 1203 North St., 201 8th Ave., and 1221 Grant St., Decatur, AL, Decatur, AL, 35601 and 35603 2005 Morgan Ave., 1203 North St., 201 8th Ave., and 1221 Grant St., Decatur, AL, Decatur, AL, 35601 and 35603 2005 Morgan Ave., 1203 North St., 201 8th Ave., and 1221 Grant St., Decatur, AL, Decatur, AL, 35601 and 35603 2005 Morgan Ave., 1203 North St., 201 8th Ave., and 1221 Grant St., Decatur, AL, Decatur, AL, 35601 and 35603 2005 Morgan Ave., 1203 North St., 201 8th Ave., and 1221 Grant St., Decatur, AL, Decatur, AL, 35601 and 35603 2005 Morgan Ave., 1203 North St., 201 8th Ave., and 1221 Grant St., Decatur, AL, Decatur, AL, 35601 and 35603 2005 Morgan Ave., 1203 North St., 201 8th Ave., and 1221 Grant St., Decatur, AL, Decatur, AL, 35601 and 35603 2005 Morgan Ave., 1203 North St., 201 8th Ave., and 1221 Grant St., Decatur, AL, Decatur, AL, 35601 and 35603 2005 Morgan Ave., 1203 North St., 201 8th Ave., and 1221 Grant St., Decatur, AL, Decatur, AL, 35601 and 35603 2005 Morgan Ave., 1203 North St., 201 8th Ave., and 1221 Grant St., Decatur, AL, Decatur, AL, 35601 and 35603 2005 Morgan Ave., 1203 North St., 201 8th Ave., and 1221 Grant St., Decatur, AL, Decatur, AL, 35601 and 35603 2005 Morgan Ave., 1203 North St., 201 8th Ave., and 1221 Grant St., Decatur, AL, Decatur, AL, 35601 and 35603 2005 Morgan Ave., 1203 North St., 201 8th Ave., and 1221 Grant St., Decatur, AL, Decatur, AL, 35601 and 35603 2005 Morgan Ave., 1203 North St., 201 8th Ave., and 1221 Grant St., Decatur, AL, Decatur, AL, 35601 and 35603 2005 Morgan Ave., 1203 North St., 201 8th Ave., and 1221 Grant St., Decatur, AL, Decatur, AL, 35601 and 35603 2005 Morgan Ave., 1203 North St., 201 8th Ave., and 1221 Grant St., Decatur, AL, Decatur, AL, 35601 and 35603 2005 Morgan Ave., 1203 North St., 201 8th Ave., and 1221 Grant St., Decatur, AL, Decatur, AL, 35601 and 35603 2005 Morgan Ave., 1203 North St., 201 8th Ave., and 1221 Grant St., Decatur, AL, Decatur, AL, 35601 and 35603 2005 Morgan Ave., 1203 North St., 201 8th Ave., and 1221 Grant St., Decatur, AL, Decatur, AL, 35601 and 35603 2005 Morgan Ave., 1203 North St., 201 8th Ave., and 1221 Grant St., Decatur, AL, Decatur, AL, 35601 and 35603 2005 Morgan Ave., 1203 North St., 201 8th Ave., and 1221 Grant St., Decatur, AL, Decatur, AL, 35601 and 35603 2005 Morgan Ave., 1203 North St., 201 8th Ave., and 1221 Grant St., Decatur, AL, Decatur, AL, 35601 and 35603 2005 Morgan Ave., 1203 North St., 201 8th Ave., and 1221 Grant St., Decatur, AL, Decatur, AL, 35601 and 35603 2005 Morgan Ave., 1203 North St., 201 8th Ave., and 1221 Grant St., Decatur, AL, Decatur, AL, 35601 and 35603 2005 Morgan Ave., 1203 North St., 201 8th Ave., and 1221 Grant St., Decatur, AL, Decatur, AL, 35601 and 35603 2005 Morgan Ave., 1203 North St., 201 8th Ave., and 1221 Grant St., Decatur, AL, Decatur, AL, 35601 and 35603 2005 Morgan Ave., 1203 North St., 201 8th Ave., and 1221 Grant St., Decatur, AL, Decatur, AL, 35601 and 35603 2005 Morgan Ave., 1203 North St., 201 8th Ave., and 1221 Grant St., Decatur, AL, Decatur, AL, 35601 and 35603 2005 Morgan Ave., 1203 North St., 201 8th Ave., and 1221 Grant St., Decatur, AL, Decatur, AL, 35601 and 35603 2005 Morgan Ave., 1203 North St., 201 8th Ave., and 1221 Grant St., Decatur, AL, Decatur, AL, 35601 and 35603 2005 Morgan Ave., 1203 North St., 201 8th Ave., and 1221 Grant St., Decatur, AL, Decatur, AL, 35601 and 35603 2005 Morgan Ave., 1203 North St., 201 8th Ave., and 1221 Grant St., Decatur, AL, Decatur, AL, 35601 and 35603 2005 Morgan Ave., 1203 North St., 201 8th Ave., and 1221 Grant St., Decatur, AL, Decatur, AL, 35601 and 35603 2005 Morgan Ave., 1203 North St., 201 8th Ave., and 1221 Grant St., Decatur, AL, Decatur, AL, 35601 and 35603 2005 Morgan Ave., 1203 North St., 201 8th Ave., and 1221 Grant St., Decatur, AL, Decatur, AL, 35601 and 35603 2005 Morgan Ave., 1203 North St., 201 8th Ave., and 1221 Grant St., Decatur, AL, Decatur, AL, 35601 and 35603 2005 Morgan Ave., 1203 North St., 201 8th Ave., and 1221 Grant St., Decatur, AL, Decatur, AL, 35601 and 35603 2005 Morgan Ave., 1203 North St., 201 8th Ave., and 1221 Grant St., Decatur, AL, Decatur, AL, 35601 and 35603 2005 Morgan Ave., 1203 North St., 201 8th Ave., and 1221 Grant St., Decatur, AL, Decatur, AL, 35601 and 35603 2005 Morgan Ave., 1203 North St., 201 8th Ave., and 1221 Grant St., Decatur, AL, Decatur, AL, 35601 and 35603 2005 Morgan Ave., 1203 North St., 201 8th Ave., and 1221 Grant St., Decatur, AL, Decatur, AL, 35601 and 35603 2005 Morgan Ave., 1203 North St., 201 8th Ave., and 1221 Grant St., Decatur, AL, Decatur, AL, 35601 and 35603 2005 Morgan Ave., 1203 North St., 201 8th Ave., and 1221 Grant St., Decatur, AL, Decatur, AL, 35601 and 35603 2005 Morgan Ave., 1203 North St., 201 8th Ave., and 1221 Grant St., Decatur, AL, Decatur, AL, 35601 and 35603 2005 Morgan Ave., 1203 North St., 201 8th Ave., and 1221 Grant St., Decatur, AL, Decatur, AL, 35601 and 35603 2005 Morgan Ave., 1203 North St., 201 8th Ave., and 1221 Grant St., Decatur, AL, Decatur, AL, 35601 and 35603 2005 Morgan Ave., 1203 North St., 201 8th Ave., and 1221 Grant St., Decatur, AL, Decatur, AL, 35601 and 35603
FOR SALE
Property Type:
MultiFamily Apartments
Amount:
$2,000,000
Last Verified:
Oct 20, 2024

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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

Description

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.

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.

Building Size: 16354sq ft
Lot Size: 0 acres


Documents

Brochure

Map of 2005 Morgan Ave., 1203 North St., 201 8th Ave., and 1221 Grant St., Decatur, AL, Decatur, AL, 35601 and 35603

Presented by:
Gateway Alabama Realty Group LLC

Request additional information
Len Johnson


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What are Real Estate Incentives?

Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

Why are Real Estate Incentives Important and to Whom?

"Incentives" are vital today and in the future because:

  • U.S. Public: Many incentives focus on job creation and Affordable Housing
  • Investors and Commercial Developers use incentives to reduce financial risk, obtain gap financing, etc. Investors and developers look for property listings with incentives available.
  • Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
  • Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.