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1614 Somerville Rd SE
Decatur, AL 35601
Camara Apartments · Multifamily Property For Sale
·
16 Units
Executive Summary
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.
Property Facts
| Price Per Unit | $99,688 | Lot Size | 0.91 AC |
| Sale Type | Investment | Building Size | 16,652 SF |
| No. Units | 16 | Average Occupancy | 94% |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built | 1974 |
| Apartment Style | Low-Rise | Parking Ratio | 0.9/1,000 SF |
| Building Class | C | ||
| Zoning | MF - Multifamily | ||
| Price Per Unit | $99,688 |
| Sale Type | Investment |
| No. Units | 16 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.91 AC |
| Building Size | 16,652 SF |
| Average Occupancy | 94% |
| No. Stories | 2 |
| Year Built | 1974 |
| Parking Ratio | 0.9/1,000 SF |
| Zoning | MF - Multifamily |
Amenities
Unit Amenities
- Air Conditioning
- Heating
- Kitchen
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 2 | - | 650 |
| 2+1 | 6 | - | 950 |
| 2+1.5 | 8 | - | 1,050 |
Property Taxes
| Parcel Number | 03-09-29-4-001-087.000 | Improvements Assessment | $102,620 |
| Land Assessment | $26,170 | Total Assessment | $128,790 |
Property Taxes
Parcel Number
03-09-29-4-001-087.000
Land Assessment
$26,170
Improvements Assessment
$102,620
Total Assessment
$128,790
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