3701 Wesley Drive
Montgomery,
AL
36111
Property Details
| List Price: |
$1,400,000 |
| Beds: |
-- |
| Baths: |
-- |
| Status: |
Active |
SqFt: |
-- |
| Agency: |
Keller Williams Realty Buckhead |
Description/Comments
| Lot Size: |
1 acre(s) |
| Property Type: |
MultiFamily |
| Year Built: |
1963 |
| Notes: |
INVESTORS DREAM!!!<br />
<br />
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. <br />
<br />
Two of the members of the company who owns the property are licensed Alabama and Georgia real estate agents<br />
<br />
There are three 1 bedroom 1 bath units, all have been renovated.<br />
<br />
There are fifteen 2 bedroom 1 bath units, all but three have been renovated.<br />
<br />
There are four 2 bedroom 2 bath units that have yet to be renovated. <br />
<br />
Owner pays water and trash ($27/can) as well as the electricity for the outdoor lights. <br />
<br />
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. |
| MlsNumber: |
7326558 |
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| Listing Provided By: |
Keller Williams Realty Buckhead, original listing |
| Name: |
Keller Williams Realty Buckhead |
| Phone: |
(404) 604-3800 |
| Office Name: |
Keller Williams Buckhead |
| Office Phone: |
(404) 604-3800 |
| Agent Name: |
Jaquon Robinson |
| Disclaimer: |
Copyright © 2024 First Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified. |
