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2005 Morgan Avenue Sw, Decatur, AL 35601

$724,999.00
  • 2005 Morgan Avenue Sw, Decatur, AL 35601 Main Photo
New to the Market Active
BEDS0 BATHS MLS#21454574
STATUSActive PROPERTY TYPEMulti Unit - Multiple

Property Description

Exceptional Investment Opportunity in Decatur!Rare chance to own a 3-bedroom, 2-bath home with a 2-car garage plus a fully occupied 5-unit apartment complex on the same property. Positioned back-to-back with separate street frontage, this unique setup offers flexibility for investors and owner-occupants alike.The approximately 1,600 sq. ft. home is well maintained and features updated flooring, a covered patio, private backyard, long driveway, hot tub, and a reliable long-term tenant. The 5-unit complex is fully leased with established tenants, providing immediate and stable cash flow.NO SELLER'S FINANCING AVAILABLELive in the home while generating income from the apartments, or rent all six units for maximum returns. Conveniently located in Decatur, one of North Alabama's fastest-growing cities, with easy access to the thriving Huntsville corridor, major employers, shopping, and dining.A rare income-producing property with strong occupancy and long-term growth potential.

Property Features

Property Type: Multi Unit - Multiple
Basement:
Cooling: Central Control Air
Days on Market: 5
Year Built: 1952

Feature Descriptions

Expenses: 25000
Flood Plain Y/N: No
Flooring: Tile, Vinyl, Wall-to-Wall Carpet
Foundation: Slab
Miscellaneous: None/Other, Pets Allowed
Owner Pays: Trash Collection (OWNER), Water/Sewer (OWNER)
Parcel #: 02-07-36-1-002-033.000
Sewer: Connected
Tenant Pays: Electricity
Units: 5
Water: Public Water

Local Schools

High School: DECATUR
Elementary School: WEST DECATUR

Listed By / Shown By

Listed By

Agency Name: Goal Realty LLC
Agency Phone: (205) 558-5030

Shown By

Agency Title: Newcastle Homes
Agency Phone: 205-671-2931

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Estimated Payment

$ 3,254.52 per month $3,043.06 Principal & Interest $0.00 Property Tax (data not provided by mls) $211.46 Homeowner's Insurance

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