Decatur Multifamily 14-unit Portfolio

For Sale

2005 Morgan Ave., 1203 North St., and 201 8th Ave., Decatur, AL, Decatur, AL 35601

This Decatur property for sale is located at 2005 Morgan Ave., 1203 North St., and 201 8th Ave., Decatur, AL. The current listed sale price for Decatur Multifamily 14-unit Portfolio is $1,600,000.

Contacts

broker
Len Johnson

Gateway Alabama Realty Group

Property Details

  • Property Type Multi-Family
  • Property Size 12,828 SF
  • Units 14
  • Property Tenancy Multi-Tenant
  • Year Renovated 2024
  • Date Updated Jan 7, 2025
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.Introducing an exceptional investment opportunity in Decatur, AL – a 12,828 SF, four separate buildings comprising 14 units, boasting an impressive 92.8% occupancy rate. This multifamily portfolio presents a compelling value-add prospect with established market rents, recent updates, including a new roof installed in 2022, and new HVAC units added in 2022, 2023, and 2024, recent updates and upgrades. Meticulously maintained and primed for success, this property offers an ideal blend of stability plus potential upside for savvy investors seeking a multifamily/low-rise/garden property with promising returns.
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Highlights

  • - 12,828 SF, four separate buildings, total of 14 units
  • - Impressive 92.8% occupancy rate
  • - Value-add opportunity with achieved proven market rents
  • - Well maintained with recent updates and upgrades
  • - Some unit upgrades may include granite countertops
  • - New roof installed in 2022
  • - New HVAC units added in 2022, 2023 and 2024

Getting around

  • 8/100

    Walk Score ®

  • 28/100

    Bike Score ®

Powered by Walk Score ®

Location

  • City Decatur, AL
  • Zip Code 35601
  • Market Huntsville

Points of Interest

  • MAPCO

    0.79 miles

  • Speedway

    0.83 miles

  • 76

    0.83 miles

  • RaceWay

    0.94 miles

  • Phillips 66

    2.10 miles

  • Mapco

    2.63 miles

  • Texaco

    2.67 miles

  • Fuel station

    3.88 miles

  • Walmart

    4.41 miles

  • Snackers

    4.59 miles

  • Student/Faculty

    5.37 miles

  • Lot 19C

    5.39 miles

  • Lot 17A

    5.42 miles

  • Handicap/Short-term

    5.45 miles

  • Lot 15A

    5.46 miles

  • Lot 10B

    5.47 miles

  • Lot 9A

    5.49 miles

  • Lot 19A

    5.49 miles

  • Lot 7A

    5.51 miles

  • Holiday Inn Express

    2.62 miles

  • Home2 Suites by Hilton Decatur Ingalls Harbor

    2.85 miles

  • Courtyard

    2.90 miles

  • Residence Inn

    2.92 miles

  • Best Western

    2.94 miles

  • Sleep Inn & Suites

    3.06 miles

  • Hampton Inn Decatur

    3.60 miles

  • Fairfield Inn & Suites

    3.65 miles

  • Quality Inn Decatur River City

    3.70 miles

  • DoubleTree

    3.87 miles

  • Decatur Mall

    4.10 miles

  • Walmart Neighborhood Market

    4.37 miles

  • Publix

    4.65 miles

  • ALDI

    4.81 miles

  • Walmart Supercenter

    5.58 miles

  • Kroger

    6.00 miles

  • Ross

    6.25 miles

  • Target

    6.30 miles

  • Coop

    6.69 miles

  • Piggly Wiggly

    9.05 miles

In-Depth Research Available for this Property

Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.

Contact Listing Broker
broker
Len Johnson

Gateway Alabama Realty Group

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