Montgomery AL Multi Family for Sale
$130,000
643 OAK Street Montgomery, AL 36108
- Type:
- Cluster
- Sq.Ft.:
- n/a
- Status:
- Active
- Beds:
- n/a
- Year built:
- 1945
- Baths:
- MLS#:
- 561817
- Subdivision:
- Moses
ADDITIONAL INFORMATION
GREAT INVESTMENT OPPORTUNITY!!! FOUR 1 BEDROOM 1 BATH UNITS. Imagine the possibilities with this quadplex. 4 tenants under one roof! Each unit pays their own power. Building is on one water meter.
- Type:
- Cluster
- Sq.Ft.:
- n/a
- Status:
- Active
- Beds:
- n/a
- Year built:
- 1960
- Baths:
- MLS#:
- 518516
ADDITIONAL INFORMATION
Rents are pro-forma at $1050 per month for the 2 bedrooms and $875 per month for the 1 bedrooms. These pro-forma rents are easily attainable under the Section 8 program. PRICE JUST REDUCED BY $750000 for a fast cash sale which closes in 3 weeks. $50k earnest money deposit which goes hard and is not refundable but rather immediately goes to the buyer if buyer has not cancelled by end of the 10 day inspection period. The $50k will be credited to the purchase price. Lots of investors are now jumping on this incredible deal! Price was $1.5 million but seller is sacrificing the apartments. He paid $925k and put $200-$300 thousand k into the property! And there is one more surprise only to be revealed to the purchaser after proof of funds are shown. Are you a seasoned or new investor looking for an investment property in a hot market? Take a look at this 20-unit in a hot market? 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 $1.4 million. There are 12 2-bedroom units that can be leased for up to $1050 per month and 8 1-bedroom units that can be leased for up to $875 per month. Also it has two storage rooms, convertible to efficiency apartments for an extra $12000 annual rents and possibly more. 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. PRICE JUST REDUCED BY $750k FOR A QUICK SALE!!!
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Montgomery Real Estate
The median home value in Montgomery, AL is $81,700. This is lower than the county median home value of $83,100. The national median home value is $219,700. The average price of homes sold in Montgomery, AL is $81,700. Approximately 48.29% of Montgomery homes are owned, compared to 38.02% rented, while 13.7% are vacant. Montgomery real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you see a property you’re interested in, contact a Montgomery real estate agent to arrange a tour today!
Montgomery, Alabama 36108 has a population of 200,761. Montgomery 36108 is more family-centric than the surrounding county with 27.61% of the households containing married families with children. The county average for households married with children is 24.86%.
The median household income in Montgomery, Alabama 36108 is $44,339. The median household income for the surrounding county is $46,545 compared to the national median of $57,652. The median age of people living in Montgomery 36108 is 35 years.
Montgomery Weather
The average high temperature in July is 91.8 degrees, with an average low temperature in January of 35.3 degrees. The average rainfall is approximately 52.2 inches per year, with 0.2 inches of snow per year.