Listed by Goal Realty
$399,999
201 8TH AVENUE SW
Details
Property Type Multifamily
Sub Type Apartment Building
Square Footage 4,000
Units 4
Cap Rate 8.38%
NOI $33,500
Occupancy 100%
Tenancy Single
Price per SqFt $100
Year Built 1986
Investment Type Stabilized
Multifamily | 4 Units | $100,000/unit
Marketing description
Well-maintained quadplex featuring four 2-bedroom, 1-bath units, updated with vinyl plank flooring and modernized kitchens. The property offers ample front and rear parking, a fenced yard, back deck, and additional storage for tenant convenience. Fully occupied as of June 2026, providing immediate rental income. Located in a convenient area of Decatur, one of North Alabama's growing markets, with easy access to shopping, dining, and major employers. A solid addition to any investment portfolio. No seller financing available.
Investment highlights
Property Highlights
- Four-unit multifamily investment property
- (4) 2 Bed / 1 Bath units
- Fully occupied with immediate cash flow
- Updated kitchens and vinyl plank flooring
- Ample front and rear off-street parking
- Fenced backyard for tenant enjoyment
- Large rear deck overlooking the yard
- Additional tenant storage space
- Well-maintained property with strong rental appeal
- Convenient location near shopping, dining, and employment centers
- Located in growing Decatur, Alabama market
- Ideal for investors seeking stable income and long-term appreciation
- No seller financing available
- Potential future owner-occupant opportunity when a unit becomes available
Listing Contacts
Listed by Goal Realty
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$33,500.00
$2,791.67/mo
Valuation Metrics
0
DSCR
8.38%
Cap Rate
8.38%
ROI
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