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$ 724,999
Est. payment /mo
New
2005 MORGAN AVENUE SW Decatur, AL 35601
5 Beds
3 Baths
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Apartment
Listing Status Active
Purchase Type For Sale
MLS Listing ID 21454574
Bedrooms 5
Full Baths 3
Year Built 1952
Property Sub-Type Apartment
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 AVAILABLE Live 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.
Location
State AL
County Morgan
Area Morgan County
Interior
Heating Central Control (HEAT)
Cooling Central Control (COOL)
Flooring Tile, Vinyl, Wall-to-Wall Carpet
Exterior
Parking Features Assigned
Building
Foundation Slab
Sewer Connected
Water Public Water
Schools
Elementary Schools West Decatur
Middle Schools Decatur Middle School
High Schools Decatur
Others
Financing Cash,Conventional
Virtual Tour https://www.propertypanorama.com/instaview/bham/21454574
Listed by Goal Realty LLC