Fully leased at $1100/ unit/mo. Restaurants shopping nearby, great investment income. At present 6% Cap rate
This portfolio consists of three (3) Quadplexes, each with two bedroom/1bath units. All three properties are professionally managed and have had upgrades. These 3 properties are being sold only as a package AS IS" No showings until offer is accepted and proof of funds. Showings only during inspection period. The properties are owner managed and are well maintained. Current rents are well below the market rents making this value- The portfolio includes 1816 Glenn Street, 1803 Graymont Lane, and 1809 Windover Plan, Decatur, AL. Rent roll and expenses are in photos. REFER TO Photos for information on all 3 buildings. Total Price $1,299,000. Current T-12 5% CAP rate
PORTFOLIO AVAILABLE: This is part of an 18-unit portfolio, priced at $2,000,000. This property has four 2-bedroom units with W/D hookups. Do not disturb the tenants. Portfolio addresses included are 1203 North St SE, 201 8th Ave, 2005 Morgan Ave, and 1221 Grant St. Do not disturb the tenants, showings after executed contract, pre-approval and proof of funds required with all offers. Beautiful location, great neighborhood. Convenient to work and shopping. Tenants pay water/sewer/trash/electric. Beautiful granite countertops in renovated units.
Portfolio available: This property is for sale as part of an 18-unit portfolio, priced at $2,000,000. Please do not disturb tenants. 201 8th Avenue has a new roof and gutters, Tenants pay trash and electric. Owner pays water/sewer, lawn care, maintenance. Pre-approval letter and down payment proof of funds required with all offers. 2005 Morgan Avenue, 1203 North Street, and 1221 Grant Street are the other property addresses. Rent rolls are available under documents.
PORTFOLIO AVAILABLE: This property is for sale as a multifamily portfolio that includes: 2005 Morgan Avenue has one 3-bedroom single-family rental house and a 5-unit apartment building located on the same lot, 1221 Grant Street has four 2-bedroom units, 1203 North Street has 4 two-bedroom units, and 201 8th Avenue has 4 two-bedroom units, portfolio price is $2,000,000. All properties are in great locations and have received recent improvements and upgrades. Most units have LVP flooring and some units have granite countertops.
This property is part of an 18-unit portfolio at a total price of $2,000,000. Preapproval and proof of funds required when submitting offers. Properties can be viewed after executed contract. Do not disturb the tenants please. Additional portfolio property is 201 8th Avenue, 1203 North Street, and 1221 Grant Street are the other property addresses. Rent rolls are available by clicking on "D". Refer to the other listings for full details.
PORTFOLIO AVAILABLE: This property as a package that includes two 4-plex apartment buildings 1814 and 1818 Glenn Street, Decatur, AL. All units are 2-bedroom/1-bath, with laundry hookups, some updated units include granite countertops. Please request financials by email. No showings without executed contract. Preapproval and proof of funds required with offers.
PORTFOLIO AVAILABLE: This property is available individually or as a package that includes two 4-plex apartment buildings 1814 and 1818 Glenn Street, Decatur, AL for $880,000. All units are 2-bedroom/1-bath, with laundry hookups, some updated units include granite countertops. Please request financials by email. No showings without executed contract. Preapproval and proof of funds required with offers.
The median home value in Decatur, AL is $235,530. This is higher than the county median home value of $197,200. The national median home value is $338,100. The average price of homes sold in Decatur, AL is $235,530. Approximately 59.34% of Decatur homes are owned, compared to 32.58% rented, while 8.08% are vacant. Decatur real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you see a property you’re interested in, contact a Decatur real estate agent to arrange a tour today!
Decatur, Alabama has a population of 57,303. Decatur is less family-centric than the surrounding county with 25.59% of the households containing married families with children. The county average for households married with children is 28.38%.
The median household income in Decatur, Alabama is $52,539. The median household income for the surrounding county is $56,128 compared to the national median of $69,021. The median age of people living in Decatur is 40.6 years.
The average high temperature in July is 89.4 degrees, with an average low temperature in January of 30.2 degrees. The average rainfall is approximately 53.6 inches per year, with 1.5 inches of snow per year.