Montgomery AL Multi Family for Sale
- Type:
- Cluster
- Sq.Ft.:
- n/a
- Status:
- Active
- Beds:
- n/a
- Baths:
- MLS#:
- 559456
- Subdivision:
- McGehee Estates
ADDITIONAL INFORMATION
Centrally located Quad-Plex- close to schools, shopping, YMCA, restaurants and so much more! This complex has 3 apartments (townhouse style, 2 bedrooms and 2.5 bathrooms), 1 flat unit (3 bedrooms, 2 bathrooms). Detached garage and separate storage space for each unit. On-site laundry room. Conveniently located courtyard in center of complex. Call today for more information or to schedule a private showing.
- Type:
- Cluster
- Sq.Ft.:
- n/a
- Status:
- Active
- Beds:
- n/a
- Year built:
- 1956
- Baths:
- MLS#:
- 558753
- Subdivision:
- Normandale
ADDITIONAL INFORMATION
6 unit apartment building for only $350,000! Each unit is 2-bedroom, 1 bath. 3 occupied and 3 vacant. The 6-plex had electrical systems updated complying with electrical code inspections in the past. One unit still needs a minor work to get rent ready. 2 units section 8 rented at $595 Another 20yr long tenant pays $650 p/month. This investment property is already generating income monthly and has for decades. This is your chance to build your portfolio, increase your monthly revenue, and also provide affordable housing to the citizens of Montgomery, AL. Call your favorite agent to schedule your showing today.
$1,375,000
3701 Wesley Drive Montgomery, AL 36111
- Type:
- Other
- Sq.Ft.:
- n/a
- Status:
- Active
- Beds:
- n/a
- Lot size:
- 1.55 Acres
- Year built:
- 1963
- Baths:
- MLS#:
- 7326558
- Subdivision:
- Normandale
View additional info
Courtesy: Keller Williams Buckhead
404-604-3800
ADDITIONAL INFORMATION
INVESTORS DREAM!!! 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.
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750 Highway 121 Bypass, Ste 100, Lewisville, TX 75067
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Montgomery Real Estate
The median home value in Montgomery, AL is $126,700. This is lower than the county median home value of $136,100. The national median home value is $338,100. The average price of homes sold in Montgomery, AL is $126,700. Approximately 45.25% of Montgomery homes are owned, compared to 39.35% rented, while 15.4% 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 36111 has a population of 201,022. Montgomery 36111 is more family-centric than the surrounding county with 27.06% of the households containing married families with children. The county average for households married with children is 23.51%.
The median household income in Montgomery, Alabama 36111 is $49,989. The median household income for the surrounding county is $52,511 compared to the national median of $69,021. The median age of people living in Montgomery 36111 is 36.1 years.
Montgomery Weather
The average high temperature in July is 91.4 degrees, with an average low temperature in January of 35.2 degrees. The average rainfall is approximately 51.1 inches per year, with 0.2 inches of snow per year.