Decatur central 10-unit multifamily investment
2005 Morgan Avenue and 201 8th Avenue
Decatur, AL 35601
Highlights
- Two Units have new HVACS from 2020 and 2021
- Recently renovated units
- Convenient to Decatur shopping and restaurants
- New roof in 2022 at 201 8th Avenue
- Decatur, AL enjoys easy commute for the same employment opportunities as Huntsville
- Pro-forma GRI at market rents $118,740
Description
Introducing the ideal investment opportunity in Decatur, AL. This 9,302 SF property boasts 10 units, each recently renovated to offer modern appeal and functionality. With a 90% occupancy rate and two units featuring new HVACs, this property promises a strong return on investment. The building, constructed in 1984 and refurbished in 2025, exudes durability and contemporary flair. Notable features include a new roof at 201 8th Avenue, emphasizing the commitment to ongoing maintenance and improvement. Situated in a prime location, this property provides convenient access to local amenities and employment opportunities, making it an attractive prospect for multifamily/low-rise/garden investors.
Located in the vibrant city of Decatur, AL, the area around the property offers a thriving hub of commerce, culture, and convenience. Nearby, you'll find an array of dining options, including popular eateries like Big Bob Gibson Bar-B-Q and Mellow Mushroom, perfect for business lunches and client meetings. For entertainment, the charming Cook Museum of Natural Science and the Old State Bank provide cultural enrichment just a stone's throw away. With its desirable location and access to amenities, Decatur offers an attractive backdrop for investors seeking to establish or expand their presence in this dynamic community.
