- Property Type
- Residential Income
- Price
- $480,000
- MLS #
- #570156
About This Property
This 24-unit apartment complex is built out of sturdy, concrete block construction, and each unit has 2 bedrooms and 1 bath. It has great investment potential once extensive renovations are made. It is located near Interstate 65 and across the street from the Public Health department and in close proximity to three public schools. This property is ready for an investor to bring it back to life and generate strong cash flow. It is a prime investment and when fully leased at pro-forma rents for Section 8 tenants, it can bring in almost $300K per year which should make the value of the property approximately $1.7M.
In 2014, Montgomery, Alabama was named by USA Today as the #1 historical city in the United States. It is also home to the only Hyundai car manufacturing plant in the U.S. Montgomery had close to 1 million people visit the National Memorial for Peace and Justice museum and the companion Legacy Museum. In 2024, Montgomery, Alabama landed on the top 25 best places to visit in the South from the Southern Living magazine. Come invest in Montgomery, Alabama.
Act quickly to get more details on the 24-unit apartment complex and/or to schedule a showing.
- List Price
- $480,000
- Status
- Active
- MLS ID
- 570156
- Town
- Montgomery
- County
- Montgomery
- Zip
- 36108
- Property Type
- ResidentialIncome
- City Postal
- Montgomery
- Construction
- Block,Concrete
- Directions
- Take the Fairview Avenue exit off of I-65 and the apartments are past Carver High School
- Flooring
- Tile
- Original List Price
- $480,000
- School Middle
- ,
- Utilities Available
- CableAvailable,ElectricityAvailable