422 Lafayette St Ne - Apartments FOR SALE


Decatur, AL 35601- Downtown Decatur
$799,000 USD
256-214-2196
422 Lafayette St Ne, Decatur, AL for Sale
$799,000 USD
Apartments - FOR SALE
1/26
null | Request Cap Rate

422 Lafayette St Ne
Decatur, AL 35601
Downtown Decatur


OVERVIEW

MULTI FAMILY OPPORTUNITY IN DOWNTOWN DECATUR • 8-unit apartment complex in downtown Decatur. – ALL UNITS ARE LEASED • 5- 2 bedroom 1 bath units • 3-1-bedroom 1 bath units • One building is 3,878+/- SQ FT and one is 3,776 +/- SQ FT fully brick with shingle roof • Corner lot at the intersection of Lafayette ST and Well ST • Electricity recently updated each unit has a new breaker box • All units have heating and cooling • 10 on-site parking spaces with extra on-street parking available

FOR SALE DETAILS

PRICE

$799,000 USD

PRICE/SF

$104 USD /SF

# OF UNITS

8

PRICE/UNIT

$99,875

CAP RATE

Request Cap Rate

% LEASED

60%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

DOWNTOWN APARTMENTS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1900

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.33 AC

LAND SF

14,375 SF

ZONING

R3H

APN/PARCEL ID

03-04-17-3-007-009.000

ASK ABOUT THIS PROPERTY

Shane OdomMarMac CommercialMore Info
256-214-2196

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Shane OdomMarMac CommercialMore Info
256-214-2196

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