37013743 Wesley Drive, Montgomery, AL 36111 (MLS # 566585)

Price $1,199,000
Status Active
Beds 0
Baths 0 Bath
Home size n/a
Lot Size n/a
Days on Market 25
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 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, all but two have been renovated. Owner pays water and trash ($27/can) as well as the electricity for the outdoor lights. Potential monthly gross income for the 1 bedroom 1 bath units is $675 x 3 units=$2,025, $875 x 15 units is $13,125 and $925 x 4 units =$3700. Therefore, the total potential gross monthly rental income is $18,850 or $226,200 annually.
Property Type(s): Residential Income
Last Updated 11/27/2024 Tract Normandale
Year Built 1963 Community MONT-Central Montgomery/ Cloverdale/ASU
County Montgomery

Additional Details

AIR Central Air, Electric
AIR CONDITIONING Yes
AMENITIES Maintenance Grounds, Maintenance Structure
APPLIANCES Electric Cooktop, Electric Oven, Electric Water Heater, Gas Water Heater
AREA MONT-Central Montgomery/ Cloverdale/ASU
CONSTRUCTION Brick
HEAT Central, Electric, Natural Gas
INTERIOR Breakfast Bar
LOT DESCRIPTION City Lot
PARKING Concrete, Driveway
POOL DESCRIPTION None
SEWER Public Sewer
STORIES 2
STYLE TwoStory
SUBDIVISION Normandale
TAXES 4380
UTILITIES Cable Available, Electricity Available, Natural Gas Available
WATER Public

Location

 

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Listed with KW Montgomery
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