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DOWNTOWN APARTMENTS 422 Lafayette St Ne 8 Unit Apartment Building $1,027,282 CAD ($128,410 CAD/Unit) Decatur, AL 35601
Executive Summary
MULTI FAMILY OPPORTUNITY IN DOWNTOWN DECATUR
• 8-unit apartment complex in downtown Decatur. – ALL UNITS ARE LEASED
• 5- 2 bedroom 1 bath units
• 3-1-bedroom 1 bath units
• One building is 3,878+/- SQ FT and one is 3,776 +/- SQ FT fully brick with shingle roof
• Corner lot at the intersection of Lafayette ST and Well ST
• Electricity recently updated each unit has a new breaker box
• All units have heating and cooling
• 10 on-site parking spaces with extra on-street parking available
• 8-unit apartment complex in downtown Decatur. – ALL UNITS ARE LEASED
• 5- 2 bedroom 1 bath units
• 3-1-bedroom 1 bath units
• One building is 3,878+/- SQ FT and one is 3,776 +/- SQ FT fully brick with shingle roof
• Corner lot at the intersection of Lafayette ST and Well ST
• Electricity recently updated each unit has a new breaker box
• All units have heating and cooling
• 10 on-site parking spaces with extra on-street parking available
Financial Summary (Actual - 2024) Click Here to Access |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2024) Click Here to Access
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $1,027,282 CAD | Building Class | C |
| Price Per Unit | $128,410 CAD | Lot Size | 0.33 AC |
| Sale Type | Investment | Building Size | 7,654 SF |
| No. Units | 8 | Average Occupancy | 60% |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built | 1900 |
| Apartment Style | Low-Rise | ||
| Zoning | R3H - Historical Residential District | ||
| Price | $1,027,282 CAD |
| Price Per Unit | $128,410 CAD |
| Sale Type | Investment |
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.33 AC |
| Building Size | 7,654 SF |
| Average Occupancy | 60% |
| No. Stories | 2 |
| Year Built | 1900 |
| Zoning | R3H - Historical Residential District |
Amenities
Unit Amenities
- Balcony
- Heating
- Kitchen
- Oven
- Tub/Shower
Site Amenities
- 24 Hour Access
- Trash Pickup - Curbside
- Vintage Building
- Walk-Up
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 5 | - | - |
| 1+1 | 3 | - | - |
1 1
Fairly walkable
50/100
Moderately drivable
70/100
Somewhat bikeable
30/100
Property Taxes
| Parcel Number | 03-04-17-3-007-009.000 | Total Assessment | $65,048 CAD |
| Land Assessment | $8,001 CAD | Annual Taxes | -$1 CAD ($0.00 CAD/SF) |
| Improvements Assessment | $57,047 CAD | Tax Year | 2024 |
Property Taxes
Parcel Number
03-04-17-3-007-009.000
Land Assessment
$8,001 CAD
Improvements Assessment
$57,047 CAD
Total Assessment
$65,048 CAD
Annual Taxes
-$1 CAD ($0.00 CAD/SF)
Tax Year
2024
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DOWNTOWN APARTMENTS | 422 Lafayette St Ne
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