Are you a seasoned or new investor looking for an investment property in a hot market? Take a look at this 20-unit multi-family listing that just became available. Each unit is equipped with a stove, refrigerator and a window heating and cooling unit. 17 of the 20 units have been updated with only 3 remaining to renovate, and the parking lot has 20 parking places. The property has security lights and cameras outside that have recently been installed.
This property is a prime investment and when fully leased at pro-forma rents could generate over $260,000 per year and will be worth close to $1.6 million. There are 12 2-bedroom units that can be leased for up to $1150 per month and 8 1-bedroom units that can be leased for up to $800 per month.
The property is only one mile from a new charter school that should increase the value of the real estate in this area. It is also close to a public library, a large public high school and a new elementary school.
Montgomery, Al. was named the #1 historical city by USA Today in 2014 and is home to the only Hyundai car manufacturing plant in the U.S. Also, Montgomery had close to one million people visit the National Memorial for Peace and Justice Museum and the companion Legacy Museum since its opening in 2018. Come invest in Montgomery Alabama, the City of Dreams.
PRICE JUST REDUCED BY $200,000!!!! FOR A QUICK SALE!!!
Property Type(s):
Residential Income
|
Last Updated
|
4/6/2024
|
Year Built
|
1960
|
|
Community
|
MONT-SW Mont/Regional Airport
|
County
|
Montgomery
|
Additional Details
| AIR |
Window Unit(s) |
| AIR CONDITIONING |
Yes |
| AMENITIES |
Maintenance Grounds, Trash |
| APPLIANCES |
Electric Range, Electric Water Heater, Refrigerator |
| AREA |
MONT-SW Mont/Regional Airport |
| BUYER'S BROKERAGE COMPENSATION |
3.000 |
| CONSTRUCTION |
Block, Concrete |
| HEAT |
Central, Electric |
| INTERIOR |
Eat-in Kitchen |
| LOT DESCRIPTION |
City Lot |
| PARKING |
Asphalt, Driveway, Parking Pad |
| POOL DESCRIPTION |
None |
| SEWER |
Public Sewer |
| STORIES |
2 |
| STYLE |
TwoStory |
| TAXES |
4250 |
| UTILITIES |
Cable Available, Electricity Available |
| WATER |
Public |
Location
Listed with David Herman Realty
Information herein is believed to be accurate and timely, but not warranty a such is expressed or implied.
Listing Information Copyright 2012 Multiple Listing Service, Inc. of Montgomery Area Association of REALTORS;®, Inc.
The information being provided is for consumers' personal, non-commercial use and will not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
The data relating to real estate for sale on this web site comes in part from the IDX Program of the Multiple Listing Service, Inc. of Montgomery Area Association of REALTORS;® Inc. Real estate listings held by brokerage firms other than First Realty of Greenville, Inc are governed by MLS Rules and Regulations and detailed information about them includes the name of the listing companies.
This IDX solution is (c) Diverse Solutions 2024.
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