217 8th St SW
- 4 six-unit buildings for a total of 24 units priced at $76,042/unit,
- 8 two-bedroom one-bath units and
- 16 one-bedroom one-bath units
- Modern kitchen and bath upgrades and updates in 2025 & 2026
- Some kitchen upgrades will include new cabinets and granite countertops
- Brick and vinyl exteriors
- 217 & 219 8th Street have asphalt shingle roofs in good condition
- 223 & 225 8th Street have metal roofing provide durability
- Flooring upgrades and updates in 2025 & 2026
- Water heaters and appliances replacements in 2025 & 2026
- HVAC replacements in 2025
- All units have Washer/Dryer hookups
Property Description
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 $76,042/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 & 2026, 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.
Key Property Information
| Listing Status: | Unavailable |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | Apartment Buildings |
| Price: | $1,825,000 |
| No. of Units: | 24 |
| Year Built: | 1984 |
| Lot Size: | 0.45 Acres |
| Opportunity Zone: | No |
| Price per unit: | $76,042 |
| Property Website | Click Here |
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