- Property Type
- Residential Income
- Price
- $1,400,000
- MLS #
- #550257
About This Property
INVESTORS DREAM!!!
Great 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.
- List Price
- $1,400,000
- Status
- Active
- MLS ID
- 550257
- Town
- Montgomery
- Neighborhood
- Normandale
- County
- Montgomery
- Zip
- 36111
- Property Type
- ResidentialIncome
- Construction
- Brick
- Cooling
- CentralAir,Electric
- Directions
- From Norman Bridge Rd, turn on to E Patton Ave. Turn right onto Wesley Dr. Property is on the Left
- Flooring
- Carpet,Vinyl,Wood
- Heating
- Central,Electric,Gas
- Original List Price
- $1,400,000
- School Middle
- ,
- Utilities Available
- CableAvailable,ElectricityAvailable,NaturalGasAvailable,HighSpeedInternetAvailable