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Decatur, Alabama - 10 Unit Multifamily 2 Multifamily Properties Offered at $1,491,710 CAD in Decatur, AL
Investment Highlights
- Well maintained investment properties with in place cash flow.
- 90% occupancy
- Decatur attractions such as Point Mallard Park, Cook's Natural Science Museum, and the Wheeler National Wildlife Refuge provide residents with escapes
- Stable with professional management
Executive Summary
This investment portfolio offers nine multifamily units and one single-family rental for a total of ten units equipped with recent updates and upgrades such as a new roof at 201 8th Street in 2022, Beautifully renovated in 2024 and 2025. Some upgrades include granite countertops, LVP flooring, new appliances, and a modern-style decor. Location is in close proximity to nearby shopping and entertainment, and offers an easy commute to the Toyota Mazda plant and other industry located between Decatur and Huntsville. Currently 90% occupancy rate.
Data Room Click Here to Access
Taxes & Operating Expenses (Actual - 2024) Click Here to Access |
Annual (CAD) |
|---|---|
| Gross Rental Income |
$99,999
|
| Other Income |
$99,999
|
| Vacancy Loss |
$99,999
|
| Effective Gross Income |
$99,999
|
| Taxes |
-
|
| Operating Expenses |
-
|
| Total Expenses |
$99,999
|
| Net Operating Income |
$99,999
|
Taxes & Operating Expenses (Actual - 2024) Click Here to Access
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Other Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | $99,999 |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Taxes (CAD) | |
|---|---|
| Annual | - |
| Operating Expenses (CAD) | |
|---|---|
| Annual | - |
| Total Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $99,999 |
Property Facts
| Price | $1,491,710 CAD | Number of Properties | 2 |
| Price / SF | $221.85 CAD / SF | Individually For Sale | 0 |
| Cap Rate | 7.10% | Total Building Size | 6,724 SF |
| Sale Type | Investment | Total Land Area | 0.63 AC |
| Status | Active |
| Price | $1,491,710 CAD |
| Price / SF | $221.85 CAD / SF |
| Cap Rate | 7.10% |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 2 |
| Individually For Sale | 0 |
| Total Building Size | 6,724 SF |
| Total Land Area | 0.63 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
| 2005 Morgan Ave SW, Decatur, AL 35601 | Multifamily | 5,000 SF | 1952 | - |
| 201 8th Ave NW, Decatur, AL 35601 | Multifamily | 1,724 SF | 1986 | - |
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Decatur, Alabama - 10 Unit Multifamily
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