3701 Wesley Drive, Montgomery (36111)
$1,400,000
PROPERTY DETAILS
| Address: |
view address Montgomery, AL 36111 Map Location |
Features: | Air Conditioning, Furnished, Multi-level |
|---|---|---|---|
| Year Built: | 1963 | Views: | City |
| Property Type: | Other | Neighborhood: | Normandale |
| County: | Montgomery | List Date: | 2024-01-17 |
PROPERTY DESCRIPTION
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 great investment. All 1 Bedroom 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 renovated. 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.
Interior
Features
| Flooring: | Hardwood, Carpet, Ceramic Tile |
Cooling & Heating
| Cooling features: | Electric, Central Air | Heating features: | Central |
| Heating: | Yes |
Exterior
Exterior and Lot
| Lot features: | Level | Roof: | Shingle |
Parking
| Parking features: | Parking Lot |
Property Features
| Fencing: | Brick |
Property and Lot Details
Features
| Community Features: | Sidewalks, Street Lights |
View
| Views: | Trees/Woods, City | Has View: | Yes |
Other
| Sewer: | Public Sewer |
Schools
| Elementary School: | Johnson - Montgomery | Middle or Junior School: | McKee |
| High School: | Lanier Senior |
Fee
| Annual Tax: | 4380 |
Building Information
| Year Built: | 1963 | Levels: | Two |
| Stories: | 2 |
Community information and market data Powered by Onboard Informatics. Copyright ©2024 Onboard Informatics. Information is deemed reliable but not guaranteed.
This information is provided for general informational purposes only and should not be relied on in making any home-buying decisions. School information does not guarantee enrollment. Contact a local real estate professional or the school district(s) for current information on schools. This information is not intended for use in determining a person’s eligibility to attend a school or to use or benefit from other city, town or local services.
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Community information and market data Powered by Onboard Informatics. Copyright ©2024 Onboard Informatics. Information is deemed reliable but not guaranteed.
This information is provided for general informational purposes only and should not be relied on in making any home-buying decisions. School information does not guarantee enrollment. Contact a local real estate professional or the school district(s) for current information on schools. This information is not intended for use in determining a person’s eligibility to attend a school or to use or benefit from other city, town or local services.
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Community information and market data Powered by Onboard Informatics. Copyright ©2024 Onboard Informatics. Information is deemed reliable but not guaranteed.
This information is provided for general informational purposes only and should not be relied on in making any home-buying decisions. School information does not guarantee enrollment. Contact a local real estate professional or the school district(s) for current information on schools. This information is not intended for use in determining a person’s eligibility to attend a school or to use or benefit from other city, town or local services.
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