$1,400,000 Price Analysis    ♡   Montgomery, AL 36111 5 bed 4 bath unknown SqFt ($0/SqFt) 1.55 acre lot. Built 1963 Listed 2024-01-19, Taxes $4,380 | Ⓧ USDA Ineligible due to price & location near Montgomery |
INVESTORS DREAM!!!
22-unit apartment building with huge upside potential. 15 of 22 units have been fully renovated and have tenants in them. There remains seven units to be remodeled. This is a extraordinary investment. All 1 Bedrom units are 900+ square feet and the 2 Bedroom apartments are 1000+ Sq/Ft with large patio/balconies. There is an incredible courtyard out back offering residents a place to rest and relax among nature. Two of the members of the company who owns the property are licensed Alabama and Georgia real estate agents There are three 1 bedroom 1 bath units, all have been renovated.
There are fifteen 2 bedroom 1 bath units, all but three have been ren ovated. There are four 2 bedroom 2 bath units that have yet to be renovated. Owner pays water and trash ($27/can) as well as the electricity for the outdoor lights. Potential monthly gross income for the 1 bdrm 1 bath units is $675 x 3 units=$2025, $875 x 15 units is $13125 and $950 x 4 =$3800. Therefore, the total potential gross monthly rental income is $18, 950 or $227, 400 annually.
Presented by Jaquon Robinson at
KELLER WILLIAMS REALTY BUCKHEAD.
Property MLS #7326558 from FMLS
Full Bathrooms: 4
Heating Features: Central
Flooring: Carpet, Ceramic Tile, Hardwood
Lot Size Acres: 1.55
Lot Size Dimensions: 149 x 110
Lot Size Square Feet: 67518
High School: Lanier Senior
Middle School: McKee
Map directions Map directions Map directions Map directionsBedrooms in Unit-1: 1
Bedrooms in Unit-2: 2
Bedrooms in Unit-3: 2
Total Bathrooms in Unit-1: 1
Total Bathrooms in Unit-2: 1
Total Bathrooms in Unit-3: 2
Tax Block: 20
Source Listing Status: Active
County: Montgomery - AL
Directions: From Norman Bridge Rd, turn on to E Patton Ave. Turn right onto Wesley Dr. Property is on the Left
Tax Year: 2022
Source Property Type: Residential Income
Source Neighborhood: Normandale
Parcel Number: 1009304014002000
Postal Code Plus 4: 2538
Subdivision: Normandale
Source System Name: C2C
| Year | Assessments Building + Land Total | Tax |
|---|---|---|
| 2022 | $unknown + $unknown $120,000 | $4,380 |
| 2021 | $unknown + $unknown $120,000 | $4,380 |
| 2020 | $unknown + $unknown $51,000 | $1,861 |
| 2019 | $unknown + $unknown $51,000 | $1,861 |
| 2018 | $unknown + $unknown $78,700 | $2,872 |
| 2017 | $unknown + $unknown $78,700 | $2,872 |
| 2016 | $unknown + $unknown $78,700 | $3,004 |
| 2015 | $unknown + $unknown $79,740 | $2,910 |
| 2013 | $unknown + $unknown $79,740 | $2,910 |
| 2012 | $unknown + $unknown $79,740 | $2,910 |
| 2011 | $unknown + $unknown $78,600 | $2,868 |
| 2010 | $unknown + $unknown $78,600 | $2,868 |
$1,400,000
FMLS
Listed 2024-01-12
$1,400,000
Montgomery
Sold 2020-08-19
$630,000
Public Record
Listing removed 2020-08-13
$0
Montgomery
Listed 2020-06-04
$650,000
Montgomery
Sold 2018-09-12
$210,000
Public Record
Listing removed 2018-08-31
$0
Montgomery
Listed 2018-03-06
$292,500
Montgomery
Listing removed 2016-09-12
$425,000
Montgomery
Listed 2014-09-12
$425,000
Montgomery
Construction Materials: Brick 4 Sides
Levels: Two
Property Age: 61
Property Condition: Resale
Roof: Shingle
Cable Available
Electricity Available
Natural Gas Available
Phone Available
Water Source: Public
 |  |  |  |  |
 |  |  |  |  |
 |  |  |  |  |
 |  |  |  |  |
 |  |  |  |  |
 |  |  |  |  |
 |  |  |  |  |
 |  |  |  | |
The property loan eligibility may be subject to additional requirements beyond geographical location including but not limited to the condition of the property. Speak with a real estate professional to find out more about the eligibility of a specific property.