Courtesy: Tortorigi Properties, Inc.
Jerry Tortorigi
Fully leased at $1100/ unit/mo. Restaurants shopping nearby, great investment income. At present 6% Cap rate
Courtesy: Tortorigi Properties, Inc.
Jerry Tortorigi
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
Courtesy: Gateway AL Realty Group LLC
256-429-9360
PORTFOLIO SALE ONLY: This is part of an 18-unit portfolio, priced at $2,000,000. Properties are not available individually. 2-bedroom units with W/D hookups. Do not disturb the tenants. This is part of an 18-unit portfolio, priced at $2,000,000. Addresses 1203 North St SE, 201 8th Ave, 2005 Morgan Ave, and 1221 Grant St must be sold together. 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.
Courtesy: Gateway AL Realty Group LLC
256-429-9360
PORTFOLIO SALE ONLY: This property is not available for sale individually but is part of an 18-unit portfolio, priced at $2,000,000. Addresses 1203 North St SE, 201 8th Ave SW, 2005 Morgan Ave, and 1221 Grant St SE are being sold as a portfolio. Please do not disturb tenants. 2-bedroom units, W/D hookups, 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. Refer to the other 3 listings for full details of this portfolio. Rent rolls are available under documents.
Courtesy: Gateway AL Realty Group LLC
256-429-9360
PORTFOLIO SALE ONLY: This property is not for sale individually but as a $2,000,000 multifamily portfolio that includes the following addresses: 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. All properties are in great locations and have received recent improvements and upgrades. Most units have LVP flooring and several units have granite countertops.
Courtesy: Gateway AL Realty Group LLC
256-429-9360
PORTFOLIO SALE ONLY: Not for sale individually but as an 18-unit portfolio, total price is $2,000,000. Preapproval and proof of funds required when submitting offers. Portfolio includes 2005 Morgan Ave, a 3-bedroom/2-bath, LR and Den have received updates and an apartment building with five 2-bedroom/1-bath units, with laundry hookups, some updated units include granite countertops. Additional portfolio addresses are 1221 Grant Street SE, 1203 North Street SE, 201 8th Avenue SW, Decatur, AL. View rent rolls by clicking on "D" next to photo. Additional financials are available, please request by email.
Courtesy: Gateway AL Realty Group LLC
256-429-9360
PORTFOLIO SALE ONLY: This is one part of a two part portfolio, strong investment opportunity. Value add with increased rents, well maintained four-plex multifamily properties, total price is $880,000 and includes a total of 8 units. All units are 2-bedroom/1-bath, with laundry hookups, some updated units include granite countertops. The properties are not available individually. The package consist of two 4-plex buildings at 1814 and 1818 Glenn Street, Decatur, AL.
Courtesy: Gateway AL Realty Group LLC
256-429-9360
PORTFOLIO SALE ONLY: This property is not available individually. Strong investment opportunity. Value add with increased rents, well maintained four-plex multifamily properties, total price is $880,000 and includes a total of 8 units. All units are 2-bedroom/1-bath, with laundry hookups, some updated units include granite countertops. The package consist of 1814 and 1818 Glenn Street, Decatur, AL. Please request by financials by email. No showings without executed contract. Preapproval and proof of funds required with offers
Decatur is located in Alabama. Decatur, Alabama has a population of 54,844. Decatur is less family-centric than the surrounding county with 25.19% of the households containing married families with children. The county average for households married with children is 28.91%.
The median household income in Decatur, Alabama is $43,176. The median household income for the surrounding county is $47,529 compared to the national median of $57,652. The median age of people living in Decatur is 39.6 years.
The average high temperature in July is 90.3 degrees, with an average low temperature in January of 31 degrees. The average rainfall is approximately 56.3 inches per year, with 1.1 inches of snow per year.
