Log In/Sign Up
Your email has been sent.
DOWNTOWN APARTMENTS 422 Lafayette St Ne 8 Unit Apartment Building $750,000 ($93,750/Unit) Decatur, AL 35601
EXECUTIVE SUMMARY
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
• 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
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS
| Price | $750,000 | Building Class | C |
| Price Per Unit | $93,750 | Lot Size | 0.33 AC |
| Sale Type | Investment | Building Size | 7,654 SF |
| No. Units | 8 | Average Occupancy | 60% |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built | 1900 |
| Apartment Style | Low-Rise | ||
| Zoning | R3H - Historical Residential District | ||
| Price | $750,000 |
| Price Per Unit | $93,750 |
| Sale Type | Investment |
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.33 AC |
| Building Size | 7,654 SF |
| Average Occupancy | 60% |
| No. Stories | 2 |
| Year Built | 1900 |
| Zoning | R3H - Historical Residential District |
AMENITIES
UNIT AMENITIES
- Balcony
- Heating
- Kitchen
- Oven
- Tub/Shower
SITE AMENITIES
- 24 Hour Access
- Trash Pickup - Curbside
- Vintage Building
- Walk-Up
- Smoke Detector
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+1 | 5 | - | - |
| 1+1 | 3 | - | - |
1 1
Walk Score®
Very Walkable (73)
Bike Score®
Very Bikeable (70)
1 of 27
VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
1 of 1
Presented by
DOWNTOWN APARTMENTS | 422 Lafayette St Ne
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.