321 Olivia Court, Montgomery, AL 36107 (MLS # 589048)

Price $150,000
Status Active
Beds 0
Baths 0 Bath
Home size n/a
Lot Size n/a
Days on Market 1
Investor Opportunity! Turnkey Cash-Flowing Duplex | Fully Occupied | Exceeds the 1% Rule! Generating $1,675 per month ($20,100 annually) with long-term lease stability already in place. Priced at $150,000, this property exceeds the 1% Rule and offers immediate cash flow from day one. Each unit features 2 bedrooms and 1 bathroom and both units are individually metered with separate water, gas, and electric meters, allowing tenants to pay all utilities and helping keep operating expenses low. Owner expenses are limited primarily to taxes, insurance, lawn maintenance, and management. Located at the end of a quiet cul-de-sac, this income-producing property consists of two individually leased units with private driveways, washer/dryer hookups, and separate entrances. Current Rental Income: 319 Olivia Ct =$925/month and Lease through May 31, 2027. 321 Olivia Ct=$750/month and Lease through July 31, 2027. Both tenants are current on rent, do not have any pets and security deposits totaling $1,675 will transfer to the purchaser at closing. Whether you're completing a 1031 exchange, purchasing your first duplex, or expanding an existing portfolio, this stabilized income-producing property offers immediate cash flow with limited owner responsibilities and minimal operating complexity. Rent rolls available upon request.
Property Type(s): Residential Income
Last Updated 7/29/2026 Tract McQueen Estates
Year Built 1950 Community MONT-N Central Mont City
County Montgomery

Additional Details

AIR Ceiling Fan(s), Window Unit(s)
AIR CONDITIONING Yes
APPLIANCES Gas Water Heater
AREA MONT-N Central Mont City
CONSTRUCTION Wood Siding
HEAT Central, Natural Gas, Wall Furnace
INTERIOR High Speed Internet
LOT DESCRIPTION City Lot
PARKING Driveway
SEWER Public Sewer
STORIES 1
STYLE OneStory
SUBDIVISION McQueen Estates
TAXES 952
UTILITIES Cable Available, Electricity Available, Natural Gas Available
WATER Public

Location

 

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Listed with Bo Evans Realty
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