1816 1803 Graymont 1809 Pl Decatur, AL 35603
- Apartment buildings
- 13,500 SF
Current Use by Public Records
- Apartment buildings
Property Details for 1816 1803 Graymont 1809 Pl
- Year built
- 1983
- Property size
- 13,500 SF
- Property type
- Apartment buildings
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
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Decatur
- County
- Morgan
- State
- Alabama
- Longitude
- -87.0157
- Latitude
- 34.5642
