1816 1803 Graymont 1809 PlDecatur, AL 35603

Property Details for 1816 1803 Graymont 1809 Pl

Year built

1983

Property size (Sq ft)

13,500 SF

Property type

Residential income properties

Property subtype

Multifamily properties

Description

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

Location Insight

City

Decatur

County

Morgan

State

Alabama

Latitude

34.5642

Longitude

-87.0157

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