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    1690 Beltline Road , A And B

    Decatur, AL 35601
    • $1,200,000
    • STATUS: Active
    • ON SITE: 29 days
    • MLS #: 1788896
    UPDATED: 48 min ago
    $1,200,000
    • 0
      BEDS
    • 0.86
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Business Opportunity
    County:
    Area:

    School Ratings & Info

    Description

    4.0 cap rate. 20% cash-on-cash annual return @ 20% down. Low overhead, minimal maintenance. Approx $75K gross, $63K NOI. UNDER-RENTED by approx 20%. Rented @ $1.05/sq.ft./month or $12.5/yr. New leases marketing @ $14-$19/sq.ft./yr. Substantial parking. New roof. New fencing being installed around dumpster. New fencing on NW property line separating business from neighboring residential. HVAC recently updated.

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    © 2021 NALMLS, Inc. All information provided is deemed reliable but is not guaranteed accurate by the MLS or RE/MAX Distinctive | Lowrey Team and should be independently verified. Listings marked with the NALMLS logo are provided courtesy of the North Alabama Real Estate Information Service, Inc. (NALMLS) IDX Database. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated 2021-09-17T21:27:25.37.
    www.lowreyteam.com/homes/120602709
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    1690 Beltline Road , A And B Decatur, AL 35601

    • Price: $1,200,000
    • Status: Active
    • Updated: 48 min ago
    • MLS #: 1788896
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.86
    Acres
    Neighborhood:
    Metes And Bounds
    County:
    Morgan
    Area:
    Morgan
    Property Description
    4.0 cap rate. 20% cash-on-cash annual return @ 20% down. Low overhead, minimal maintenance. Approx $75K gross, $63K NOI. UNDER-RENTED by approx 20%. Rented @ $1.05/sq.ft./month or $12.5/yr. New leases marketing @ $14-$19/sq.ft./yr. Substantial parking. New roof. New fencing being installed around dumpster. New fencing on NW property line separating business from neighboring residential. HVAC recently updated.
    Exterior Features

    Exterior Features Curb/GuttersIrrigationLightingSidewalks Fencing Partial Foundation Details Concrete PerimeterSlab Levels One Lot Features High Visibility Parking Features AsphaltPrivate

    Interior Features

    Building Area Total 6020 Cooling Central Air Cooling YN Yes Electric Underground Heating Electric Heating YN Yes

    Property Features

    City Limits Yes Mobile Home Allowed Yes New Construction YN No Property Condition 26-35 Years Property Sub Type Commercial Sewer Public Sewer Water Source Public

    Listing provided courtesy of Leading Edge R.E. Group-Mad..


    © 2021 NALMLS, Inc. All information provided is deemed reliable but is not guaranteed accurate by the MLS or RE/MAX Distinctive | Lowrey Team and should be independently verified. Listings marked with the NALMLS logo are provided courtesy of the North Alabama Real Estate Information Service, Inc. (NALMLS) IDX Database. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated 2021-09-17T21:27:25.37.
     
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