UPDATED:
11/08/2024 04:52 PM
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
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
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