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2005 MORGAN AVENUE SW, Decatur, AL 35601

BN
AL AL 149579
Goal Realty
Listed by Goal Realty
$724,999
6 days on market
Updated 6 days ago

2005 MORGAN AVENUE SW

Details
APN 0240?1-002•033.000
Property Type Multifamily
Sub Type Apartment Building
Square Footage 5,200
Units 5
Cap Rate 6.57%
NOI $47,647
Occupancy 100%
Tenancy Multi
Pro-Forma Cap Rate 8.28%
Pro-Forma NOI $60,000
Price per SqFt $296
Class C
Year Built 1952
Year Renovated 2000
Buildings 2
Acreage 0.750
Zoning WEST DECATUR
Investment Type Stabilized
Ownership Fee Simple
Sale Condition 1031 exchange

Multifamily | 6.57% CAP | 5 Units

Marketing description

Exceptional Investment Opportunity in Decatur! Rare chance to own a 3-bedroom, 2-bath home with a 2-car garage plus a fully occupied 5-unit apartment complex on the same property. Positioned back-to-back with separate street frontage, this unique setup offers flexibility for investors and owner-occupants alike. The approximately 1,600 sq. ft. home is well maintained and features updated flooring, a covered patio, private backyard, long driveway, hot tub, and a reliable long-term tenant. The 5-unit complex is fully leased with established tenants, providing immediate and stable cash flow. Live in the home while generating income from the apartments, or rent all six units for maximum returns. Conveniently located in Decatur, one of North Alabama's fastest-growing cities, with easy access to the thriving Huntsville corridor, major employers, shopping, and dining. A rare income-producing property with strong occupancy and long-term growth potential. NO SELLER'S FINANCING AVAILABLE

Investment highlights

  • Exceptional Investment Opportunity in Decatur! Rare chance to own a 3-bedroom, 2-bath home with a 2-car garage plus a fully occupied 5-unit apartment complex on the same property
  • Positioned back-to-back with separate street frontage, this unique setup offers flexibility for investors and owner-occupants alike
  • The approximately 1,600 sq. ft. home is well maintained and features updated flooring, a covered patio, private backyard, long driveway, hot tub, and a reliable long-term tenant
  • The 5-unit complex is fully leased with established tenants, providing immediate and stable cash flow
  • Live in the home while generating income from the apartments, or rent all six units for maximum returns
  • Conveniently located in Decatur, one of North Alabama's fastest-growing cities, with easy access to the thriving Huntsville corridor, major employers, shopping, and dining
  • A rare income-producing property with strong occupancy and long-term growth potential

Listing Contacts

BN
AL AL 149579
Goal Realty
Listed by Goal Realty

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$
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$47,647.00
$3,970.58/mo

Valuation Metrics

0
DSCR
6.57%
Cap Rate
6.57%
ROI

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Additional Information

Name
Binh Nguyen
License
AL 149579
Brokerage
Goal Realty llc
Brokerage Phone
2055585030
Brokerage Address
120 Vulcan Road
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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