Decatur, AL 35601,223 8th Street SW
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Decatur, AL 35601,223 8th Street SW
Decatur, AL 35601,223 8th Street SW
Decatur, AL 35601,223 8th Street SW
Decatur, AL 35601,223 8th Street SW
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223 8th Street SW Decatur, AL 35601

0.62 Acres Lot


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Key Details

Property Type Multi-Family

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

Subdivision Metes And Bounds

MLS Listing ID 21908015

HOA Y/N No

Year Built 1980

Lot Size 0.620 Acres

Acres 0.62

Property Sub-Type Multi Family

Source Valley MLS

Property Description

Excellent investment opportunity in Decatur, AL. Apartments priced at $80,833/door. Twelve apartments, offering a mix of 1 and 2 bedroom units, with a value-add upside, renovated units can include new cabinets and granite countertops, new bathroom vanities, metal roofs, most HVACs and water heaters have been replaced, 100% occupancy, two six-unit apartment buildings at 223 & 225 8th Street. Each building has four 1-bedroom units and two 2-bedroom units. Value-add opportunity with market rent rates. Full occupancy currently, showings take place after accepted contract and EMD. A pre-approval letter and POF to accompany offers.

Location

State AL

County Morgan

Direction South On Central Parkway, Right On 8th Street Sw, Property Is On The Left, No Signage. Two Buildings With 6 Units Each, Building Addresses Are 223 & 225 8th Street.

Interior

Heating Central, Electric

Cooling Central Air

Fireplace No

Appliance Oven, Refrigerator, Dishwasher, W/D Hookup, Electric Water Heater

Laundry Washer Hookup

Exterior

Total Parking Spaces 16

Building

Sewer Public Sewer

Water Public

Level or Stories Two

New Construction Yes

Schools

Elementary Schools Banks-Caddell

Middle Schools Austin Middle

High Schools Austin

Others

Tax ID 03 09 30 1 002 017.000


Valley MLS / North Alabama MLS
Listed by Gateway Al Realty Group LLC
Erica Crunk

Erica Crunk

Associate Broker | License ID: 120269

+1(256) 349-8300

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223 8th Street SW