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Multifamily

Camara Apartments

1614 Somerville Rd SE, Decatur, AL 35601

Listing Price: $1,435,000

Cap Rate
5.53%
Number of Units
16
Price/Unit
$89,688
Price/Gross SF
$85.95
Gross SF
16,696

Investment Overview

Presenting Camara Apartments comprised of 16 units built in 1974 in Decatur, Alabama. Just a two-minute drive North to Decatur Morgan Hospital.

Investment Highlights

  • Presenting Camara Apartments in Decatur, Alabama | 16 Units Built in 1974
  • Strong Historical Occupancy | Currently 100% Occupied
  • Value-Add Upside Through Below Market Rents
  • 216-Feet of Direct Frontage Along Somerville Road SE
  • Covered Parking Available for Tenants
  • Seller has Spent Over $50K in Recent Cap Ex (Including New Roof in 2019)

Broker of Record

  • Eddie Greenhalgh

    First Vice President Investments

    (205) 510-9200

    License(s) AL: 0000882980

    Alabama

Listing Price: $1,435,000

Cap Rate
5.53%
Number of Units
16
Price/Unit
$89,688
Price/Gross SF
$85.95
Gross SF
16,696

Investment Highlights

  • Presenting Camara Apartments in Decatur, Alabama | 16 Units Built in 1974
  • Strong Historical Occupancy | Currently 100% Occupied
  • Value-Add Upside Through Below Market Rents
  • 216-Feet of Direct Frontage Along Somerville Road SE
  • Covered Parking Available for Tenants
  • Seller has Spent Over $50K in Recent Cap Ex (Including New Roof in 2019)

Investment Overview

Presenting Camara Apartments comprised of 16 units built in 1974 in Decatur, Alabama. Just a two-minute drive North to Decatur Morgan Hospital.

Broker of Record

  • Eddie Greenhalgh

    First Vice President Investments

    (205) 510-9200

    License(s): AL: 0000882980

    Alabama

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