2810 Fairwest ST, Montgomery, AL 36108 - MLS#518516

Key Details

Property Type Single Family Home

Listing Status Active

Purchase Type For Sale

MLS Listing ID 518516

Style Two Story

HOA Y/N No

Year Built 1960

Annual Tax Amount $4,250

Property Description

Rents are pro-forma at $1050 per month for the 2 bedrooms and $875 per month for the 1 bedrooms. These pro-forma rents are easily attainable under the Section 8 program. PRICE JUST REDUCED BY $750000 for a fast cash sale which closes in 3 weeks. $50k earnest money deposit which goes hard and is not refundable but rather immediately goes to the buyer if buyer has not cancelled by end of the 10 day inspection period. The $50k will be credited to the purchase price. Lots of investors are now jumping on this incredible deal! Price was $1.5 million but seller is sacrificing the apartments. He paid $925k and put $200-$300 thousand k into the property! And there is one more surprise only to be revealed to the purchaser after proof of funds are shown.

Are you a seasoned or new investor looking for an investment property in a hot market? Take a look at this 20-unit in a hot market?

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 $1.4 million. There are 12 2-bedroom units that can be leased for up to $1050 per month and 8 1-bedroom units that can be leased for up to $875 per month.

Also it has two storage rooms, convertible to efficiency apartments for an extra $12000 annual rents and possibly more.
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 $850k FOR A QUICK SALE!!!
Must close in 21 days!!

Location

State AL

County Montgomery

Area Mont-Sw Mont/Regional Airport

Interior

Interior Features Eat-in Kitchen

Heating Central,Electric

Cooling Window Unit(s)

Flooring Vinyl

Fireplace No

Appliance Electric Range,Electric Water Heater,Refrigerator

Exterior

Garage Asphalt,Driveway,Parking Pad

Pool None

Utilities Available Cable Available,Electricity Available

Waterfront No

Water Access Desc Public

Building

Lot Description City Lot

Entry Level Two

Foundation Slab

Sewer Public Sewer

Water Public

Architectural Style Two Story

Level or Stories Two

New Construction No

Schools

Middle Schools ,

Others

HOA Fee Include Maintenance Grounds,Parking,Trash

Tax ID 11-06-23-3-002-007.000

Acceptable Financing Cash

Listing Terms Cash