Decatur Alabama 4-unit apartment building for sale
201 8th Ave SW
Decatur, AL 35601
Highlights
- Newly renovated unit ideal for owner-resident currently available
- Property beautifully renovated in 2024 & 2025
- New roof and gutters in 2022
- One vacant unit recently renovated with updates
- Beautiful new privacy and accent fencing installed
- Value-add opportunity with new market rent leases
- Conveniently located near shopping, entertainment, and workplaces
- Walk to charming downtown Decatur
Description
Value-add opportunity with market rent increased leases, pro-forma NOI $28,560. One vacant unit recently renovated is rent ready for an owner-occupant. At 201 8th Avenue, new roof and gutters in 2022, recently renovated units with upgrades and updates. Tenants pay trash and electric. Owner pays water/sewer, lawn care, maintenance. Can be purchased as a 10-unit portfolio by adding 2005 Morgan Avenue SW, Decatur, AL a 5-unit apartment building and a single-family rental priced at $700,000.
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.
