1816 Glenn St Decatur, AL 35603

This exceptional investment opportunity presents a portfolio of three (3) quadplexes totaling twelve (12) units in Decatur, Alabama. Located at 1816 Glenn St SW, 1803 Graymont Ln SW, and 1809 Windover Pl SW, these properties boast a combined 10,800 square feet of net rentable space, currently operating at 100% occupancy as of July 1, 2024. Each unit features two bedrooms and one bathroom. The portfolio is offered at $1,299,000, representing a price per unit of $108,250 and a price per square foot of $120.28. The current Net Operating Income (NOI) is $60,000, yielding a 5% capitalization rate. While the pro-forma NOI is projected at $52,500, maintaining a 5% cap rate, the current rents are significantly below market value, presenting a substantial value-add potential for the astute investor. All three properties are professionally managed and have undergone upgrades. The properties are being sold as a package "AS IS". Financial documentation, including a rent roll and twelve-month income statement, is available upon request. Showings are by appointment only after a formal offer with proof of funds is submitted. Unit showings will be limited to the inspection period.