1614 Somerville Rd SE - Apartments FOR SALE


Decatur, AL 35601- Downtown Decatur
$1,595,000 USD
256-509-2078
1614 Somerville Rd SE, Decatur, AL for Sale
$1,595,000 USD
Apartments - FOR SALE
1/29
null | Request Cap Rate

1614 Somerville Rd SE
Decatur, AL 35601
Downtown Decatur


OVERVIEW

Introducing an exceptional opportunity to purchase this unique and charming multifamily apartment complex in Decatur, AL. This 16-unit property at 1614 Somerville Rd SE features a 16,764 SF building, thoughtfully renovated with upgrades and updates, while preserving the unique design and charm. With a remarkable 100% occupancy rate and R-4 zoning, this investment offers immediate income in a prime location that offers potential for greater returns. A popular luxury amenity for tenants is covered parking plus ample additional off-street parking. Don't miss the chance to add this well-maintained, high-performing property to your portfolio.

FOR SALE DETAILS

PRICE

$1,595,000 USD

PRICE/SF

$96 USD /SF

# OF UNITS

16

PRICE/UNIT

$99,688

CAP RATE

Request Cap Rate

% LEASED

94%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Camara Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1974

PARKING SPACES

30

LAND DETAILS

LAND ACRES

0.91 AC

LAND SF

39,640 SF

ZONING

MF

APN/PARCEL ID

03-09-29-4-001-087.000

ASK ABOUT THIS PROPERTY

Len JohnsonGateway Alabama Realty Group, LLCMore Info
256-509-2078

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Len JohnsonGateway Alabama Realty Group, LLCMore Info
256-509-2078

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.