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1221 North St SE
Decatur, AL 35601
North Street Apartments · Multifamily Property For Sale
·
27 Units
PROPERTY FACTS
| No. Units | 27 | Lot Size | 0.92 AC |
| Property Type | Multifamily | Building Size | 24,550 SF |
| Property Subtype | Apartment | Average Occupancy | 100% |
| Apartment Style | Low-Rise | No. Stories | 2 |
| Building Class | C | Year Built | 1960 |
| No. Units | 27 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.92 AC |
| Building Size | 24,550 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1960 |
AMENITIES
SITE AMENITIES
- Laundry Facilities
- Video Patrol
- Storage Space
- Zen Garden
ABOUT 1221 NORTH ST SE , DECATUR, AL 35601
SVN is pleased to present this 27-unit multifamily asset located in Decatur, AL in the Huntsville MSA. North Street Apartments consists of 2 & 3-bedroom apartments that almost always stay fully occupied, as well as a one-bedroom unit used as an office. This property is a 90% cash business with a high-quality tenant profile. More than 50% of Decatur's population are renters, which makes it a promising market for rental investments. Moreover, it has the great business that surrounds it, Decatur Mall which boasts big-name retailers such as Belk, Hibbett Sports, GNC and many more. Investors continue their more than $13 million investment in Decatur's largest retail asset.
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 1 | $475.00 | 650 - 950 |
| 2+1 | 22 | $495.00 | 900 |
| 3+2 | 4 | $595.00 | 1,025 |
PROPERTY TAXES
| Parcel Number | 03-09-29-4-001-039.000 | Improvements Assessment | $97,580 |
| Land Assessment | $4,970 | Total Assessment | $102,550 |
PROPERTY TAXES
