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1690 Beltline Road , A And B

Decatur, AL 35601
  • $1,000,000
  • STATUS: Active
  • ON SITE: 280 Days
  • MLS #: 1788896
$1,000,000
  • 0
    BEDS
  • 0.86
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Business Opportunity
County:
Area:

School Ratings & Info

Description

With new tenant entering (unit B vacated Dec 2021), projected cap at 5.0 with 25% cash-on-cash return based on 20% down. Low overhead, minimal maintenance. $63K+ annual gross rev., approx. $53K NOI. Unit A renting for $4,000/month, 4500 sq.ft. approx., with an escalating 3 year agreement. UNIT A-approx 1520 square feet currently renting for $1,250. Substantial parking. New roof. 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 The Cornerstone Real Estate Team | RE/MAX Unlimited 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 2022-05-26T00:27:12.81.
www.cornerstoneteamal.com/homes/120602709
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1690 Beltline Road , A And B Decatur, AL 35601

  • Price: $1,000,000
  • Status: Active
  • On Site: 280 Days
  • MLS #: 1788896
0
Beds
0
Baths
0
½ Baths
0.86
Acres
Neighborhood:
Metes And Bounds
County:
Morgan
Area:
Morgan
Property Description
With new tenant entering (unit B vacated Dec 2021), projected cap at 5.0 with 25% cash-on-cash return based on 20% down. Low overhead, minimal maintenance. $63K+ annual gross rev., approx. $53K NOI. Unit A renting for $4,000/month, 4500 sq.ft. approx., with an escalating 3 year agreement. UNIT A-approx 1520 square feet currently renting for $1,250. Substantial parking. New roof. 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 The Cornerstone Real Estate Team | RE/MAX Unlimited 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 2022-05-26T00:27:12.81.
 
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