3701 WESLEY DR MONTGOMERY, AL 36111

Features

• Price/sqft: $279
• Lot Size: 67470
• Total Units: 4
• Stories: 200
• Roof Type: Asphalt
• Heating: Central Furnace
• Exterior Walls: Brick

Facts

• Year Built: 01/01/1963
• Property ID: 848803336
• MLS Number: 7326558
• Parcel Number: 10-09-30-4-014-002.000
• Property Type: Townhouse or Condo
• County: MONTGOMERY
• Listing Status: Active

Sale Type

This is an MLS listing, meaning the property is represented by a real estate broker, who has contracted with the home owner to sell the home.

Description

This listing is NOT a foreclosure. INVESTORS DREAM!!!nn22-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. nnTwo of the members of the company who owns the property are licensed Alabama and Georgia real estate agentsnnThere are three 1 bedroom 1 bath units, all have been renovated.nnThere are fifteen 2 bedroom 1 bath units, all but three have been renovated.nnThere are four 2 bedroom 2 bath units that have yet to be renovated. nnOwner pays water and trash ($27/can) as well as the electricity for the outdoor lights. nnPotential 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.