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1690 Beltline Road , A And B

Decatur, AL 35601
  • $1,000,000
  • STATUS: Active
  • ON SITE: 159 Days
  • MLS #: 1788896
UPDATED: 182 min ago
$1,000,000
  • 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. $75K+ annual gross rev., $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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© 2022 NALMLS, Inc. All information provided is deemed reliable but is not guaranteed accurate by the MLS or Elite Home Advisors 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 2022-01-25T00:27:06.007.
www.yournextalabamahome.com/homes/120602709
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1690 Beltline Road , A And B Decatur, AL 35601

  • Price: $1,000,000
  • Status: Active
  • On Site: 159 Days
  • Updated: 182 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. $75K+ annual gross rev., $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 by Leading Edge R.E. Group-Mad.: (256) 489-2602.


© 2022 NALMLS, Inc. All information provided is deemed reliable but is not guaranteed accurate by the MLS or Elite Home Advisors 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 2022-01-25T00:27:06.007.
 
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Elite Home Advisors
809 Shoney Drive, Suite 108
Huntsville AL, 35801