2810 Fairwest Street,Montgomery, AL 36108

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Property Type
Residential Income
Price
$1,490,000
MLS #
#518516

About This Property

Are you a seasoned or new investor looking for an investment property in a hot market? Take a look at this 20-unit multi-family listing that just became available. Each unit is equipped with a stove, refrigerator and a window heating and cooling unit. 17 of the 20 units have been updated with only 3 remaining to renovate, and the parking lot has 20 parking places. The property has security lights and cameras outside that have recently been installed.

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 $1.6 million. There are 12 2-bedroom units that can be leased for up to $1150 per month and 8 1-bedroom units that can be leased for up to $800 per month.

The property is only one mile from a new charter school that should increase the value of the real estate in this area. It is also close to a public library, a large public high school and a new elementary school.

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.

List Price
$1,490,000
Status
Active
MLS ID
518516
Town
Montgomery
County
Montgomery
Zip
36108
Property Type
Residential Income
Construction
Block,Concrete
Cooling
Window Unit(s)
Directions
Take the I-65 exit at Fairview Avenue and Go West for 1 mile and then take a left onto Fairwest Street
Flooring
Vinyl
Heating
Central,Electric
Original List Price
$1,490,000
Utilities Available
Cable Available,Electricity Available