217 8th SW Street Decatur, AL 35601

Building Details

Year Built

1980

Listing Agency Gateway AL Realty Group LLC l***@gmail.com Show Phone

Listed by Len Johnson · License #40398 Show Phone

Source Exitrealty

Added: Jan 27 Checked: Jul 17 at 5:36 am

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Investment Insights

Based on property information with market context.

This offering comprises four six-unit apartment buildings, totaling 24 units. The unit mix includes both one-bedroom and two-bedroom layouts. The property presents a value-add opportunity through market rent increases and is currently at 100% occupancy. Quality renovations have been implemented, featuring upgrades and updates such as new cabinets, granite countertops, and bathroom vanities in select units. The buildings are equipped with metal roofs, and most HVAC systems and water heaters have been replaced. Each building consists of four one-bedroom units and two two-bedroom units. The apartments are priced at $80,208 per door. Pre-approval lender letter and proof of funds are required with offers. Showings will be conducted during the inspection period after contract and earnest money deposit.

Key Highlights

• Priced at $80,208 per door, offering an attractive investment opportunity.
• 100% occupancy provides immediate cash flow.
• Value‑add potential through market rent increases.

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FAQs

What type of property is this?

Apartment building - 24 units with value-add potential in Decatur, Alabama.

Where is this apartment building located?

The property is located at 217 8th SW Street Decatur, AL.

What is the asking price?

The asking price for this property is $1,925,000.

What are key features of this property?

This property features: Priced at $80,208 per door, offering an attractive investment opportunity.; 100% occupancy provides immediate cash flow.; Value‑add potential through market rent increases.