***Investor alert*** Income-producing fourplex in a convenient Decatur SW location, offering four identical 2-bedroom, 1-bath units with solid occupancy and investor-friendly fundamentals. Each unit features an efficient layout that appeals to long-term renters. Great Opportunity. Located in the Glenmier area of Decatur with quick access to shopping and dining.
This property is 100% occupied so in order to do a tour the Seller will need you to present a non-binding letter of intent to purchase. Thank you.
PORTFOLIO SALE ONLY: This is an estate sale, not available individually. There are three 4-plexes and one duplex making a 14-unit portfolio with package price of $1,450,000. All properties are occupied and in good condition, no deferred maintenance, located conveniently near shopping and restaurants. Package includes four addresses: 1816 Glenn Street, 1803 Graymont Lane, 1809 Windover Place, and 202 Somerville Road in Decatur Alabama. No showings until under contract. Please do not disturb the tenants. Tenants pay electric, water, trash.
PORTFOLIO SALE ONLY: This is an estate sale, not available individually. There are three 4-plexes and one duplex making a 14-unit portfolio with package price of $1,450,000. All properties are occupied and in good condition, no deferred maintenance, located conveniently near shopping and restaurants. Package includes four addresses: 1816 Glenn Street, 1803 Graymont Lane, 1809 Windover Place, and 202 Somerville Road in Decatur Alabama. No showings until under contract. Please do not disturb the tenants. Tenants pay electric, the owner pays water, and trash.
PORTFOLIO SALE ONLY: This is an estate sale, not available individually. There are three 4-plexes and one duplex making a 14-unit portfolio with package price of $1,450,000. All properties are occupied and in good condition, no deferred maintenance, located conveniently near shopping and restaurants. Package includes four addresses: 1816 Glenn Street, 1803 Graymont Lane, 1809 Windover Place, and 202 Somerville Road in Decatur Alabama. No showings until under contract. Please do not disturb the tenants. Tenants pay electric, owner pays water/sewer, trash.
PORTFOLIO SALE ONLY: 100% occupied. This is an estate sale, not available individually. There are three 4-plexes and one duplex making a 14-unit portfolio with package price of $1,450,000. All properties are occupied or rent ready and in good condition, no deferred maintenance, located conveniently near shopping and restaurants. Package includes four addresses: 1816 Glenn Street, 1803 Graymont Lane, 1809 Windover Place, and 202 Somerville Road in Decatur Alabama. No showings until under contract. Please do not disturb the tenants. Tenants pay electric, the owner pays water.
• 8-unit apartment complex in downtown Decatur. • 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
Please do not disturb tenants. Tenants pay trash and electric. Owner pays water/sewer, lawn care, maintenance. New roof in 2022 and units were renovated with updates and upgrades such as modern paint decor, new LED light fixtures, new brushed nickel door knobs and cabinet hardware, some units received granite counter-tops in kitchen and bath, new stainless kitchen appliance package, new flooring in 2023 & 2024. An additional 6-unit property can be purchased for additional $700,000, it is located at 2005 Morgan Avenue, Decatur, AL. Rent rolls are available under documents.
This property includes a single-family residence and a 5-unit apartment building. Excellent opportunity to begin a profitable real estate portfolio. Property is well maintained and includes recent renovations. Additional 4-unit property is available at 201 8th Avenue, Decatur, AL for additional $400,000.
Decatur is located in Alabama. 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.