1816 1803 Graymont 1809 Pl Decatur, AL 35603
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
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.