For Sale
$1,350,000

1816 1803 Graymont 1809 PlDecatur, AL 35603

12-Unit Apartment Complex, High ROI Potential

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional investment opportunity presents a portfolio of three (3) well-maintained, two-story apartment buildings located in Decatur, Alabama. The portfolio comprises twelve (12) two-bedroom, one-bathroom units, totaling 13,500 square feet of net rentable space across three separate addresses: 1816 Glenn St SW, 1803 Graymont Lane, and 1809 Windover Plan. Built in 1983, these Class B properties offer significant upside potential due to current rents being below market value. The sale includes 48 parking spaces, and the property is being sold "as is." Each building houses four units, providing a manageable and efficient operation. The asking price is $1,350,000, or $112,500 per unit, representing a compelling price per square foot of $100. Financial documentation, including rent rolls, is available upon request for qualified buyers. Serious inquiries only

Highlights

  • Three well-maintained, two-story apartment buildings in Decatur, Alabama.
  • Twelve two-bedroom, one-bathroom units totaling 13,500 square feet of net rentable space.
  • Located at 1816 Glenn St SW, 1803 Graymont Lane, and 1809 Windover Plan.
  • Built in 1983, Class B properties with below-market rents offering upside potential.
  • 48 parking spaces included; sold "as is."
  • Asking price: $1,350,000 ($112,500 per unit, $100 per square foot).

Property Details for 1816 1803 Graymont 1809 Pl

Property type
Apartment buildings
Square Feet
13,500 SF
Class
B
Year Built
1983
Buildings
3
Stories
2
Units
12

Location Insight

City
Decatur
County
Morgan
State
Alabama
Latitude
34.564213306023
Longitude
-87.015713391234
1816 1803 Graymont 1809 Pl, Decatur, Alabama

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1816 1803 Graymont 1809 Pl
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