3701 Wesley Drive,Montgomery, AL 36111

About This Property

INVESTORS DREAM!!!

Great 22-unit apartment building with huge upside potential. 17 of 22 units have been fully renovated and have tenants in them. There remains five 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, all but two have been renovated.

Owner pays water and trash ($27/can) as well as the electricity for the outdoor lights.

| *** 2025 fire damaged 2 units not yet renovated & roof of one building***

***Asbestos discovered in drywall / sheetrock joint compound in burned building***

***Abatement estimates available upon receipt of POF*** |

***VALUE ADD OPPORTUNITY***

-Due to the large unit sizes 900 & 1,000 square ft, an additional bedroom could be added.

-5 units are left to be renovated

-Below market rent based on the Montgomery Housing Authority last updates

-1 Br up to $932

-2 Br up to $1108

-3 Br up to 1432

-Laundry facility & vending machine additions.

-Add new roof.

-Located in Opportunity Zone providing additional tax incentives.