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217 & 223 8th Street 2 Multifamily Properties Offered at $1,925,000 in Decatur, AL
Investment Highlights
- Four 6-unit buildings for a total of 24 units
- Modern kitchen and bath upgrades and updates in 2025
- Flooring upgrades and updates include in 2025 that include some LVP
- 24 units priced at $80,208/unit
- All units have Washer/Dryer hookups
Executive Summary
Introducing a prime investment opportunity in the heart of Decatur, AL. This multifamily property at offers 4 buildings with a total of 24 units priced at $80,208/unit. Each building consists of 2 two-bedroom one-bath units and 4 one-bedroom one-bath units. With a total area of 14,976 SF, these recently renovated buildings underwent significant updates and upgrades in 2025, and now boasts full occupancy. Some of the recent upgrades and updates include granite countertops, new kitchen cabinets, new appliances, new bathroom vanities, new flooring and modern decor. Value-add ready as market rents offers room to increase rents now with newly renovated units. The property features brick and vinyl exteriors plus some metal roofing that can lower maintenance costs and durability. Whether you're a seasoned investor or entering the multifamily real estate market, this property presents a compelling opportunity for steady returns and long-term growth potential.
Taxes & Operating Expenses (Actual - 2025) Click Here to Access |
Annual |
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| Gross Rental Income |
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| Other Income |
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| Vacancy Loss |
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| Effective Gross Income |
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| Net Operating Income |
$99,999
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Taxes & Operating Expenses (Actual - 2025) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | - |
| Other Income | |
|---|---|
| Annual | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Effective Gross Income | |
|---|---|
| Annual | - |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
Property Facts
| Price | $1,925,000 | Number of Properties | 2 |
| Price / SF | $102.98 / SF | Individually For Sale | 0 |
| Cap Rate | 6.58% | Total Building Size | 18,693 SF |
| Sale Type | Investment | Total Land Area | 1.08 AC |
| Status | Under Contract |
| Price | $1,925,000 |
| Price / SF | $102.98 / SF |
| Cap Rate | 6.58% |
| Sale Type | Investment |
| Status | Under Contract |
| Number of Properties | 2 |
| Individually For Sale | 0 |
| Total Building Size | 18,693 SF |
| Total Land Area | 1.08 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
| 223 & 225 8th St SW, Decatur, AL 35601 | Multifamily | 11,177 SF | 1980 | - |
| 217 & 219 8th St SW, Decatur, AL 35601 | Multifamily | 7,516 SF | 1984 | - |
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217 & 223 8th Street
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