3701 Wesley Drive, Montgomery (36111)
$1,400,000
0 
0
67,518
PROPERTY DETAILS
| Address: |
view address Montgomery, AL 36111 Map Location |
Features: | Air Conditioning, Multi-level |
|---|---|---|---|
| Square Feet: | 67,518 sq.ft. | Lot Size: | 1.55 acres |
| Year Built: | 1963 | Property Type: | Other |
| Neighborhood: | Normandale | County: | Montgomery |
| List Date: | 2024-01-18 | Listing Number: | 7326558 |
PROPERTY DESCRIPTION
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.
Interior
| Air Conditioning: | Yes | Cable Television Available: | Yes |
| Carpet: | Yes | Central Air: | Yes |
| Central Heat: | Yes | Ceramic Tile Flooring: | Yes |
| Hardwood Floors: | Yes |
Exterior
| Shingle Roof: | Yes |
Property and Lot Details
| Body Of Water: | None | Elementary School: | Johnson - Montgomery |
| Has View: | Yes | High School: | Lanier Senior |
| Level Lot: | Yes | Lot Acres: | 1.55 |
| Lot Dimension: | 149 x 110 | Lot Has City View: | Yes |
| Lot Number: | 15.00 | Middle School: | Mckee |
| Natural Gas: | Yes | Public Sewer: | Yes |
| Public Water: | Yes | Subdivision: | Normandale |
| Taxes: | 4,380.00 | Transaction Type: | Sale |
| Year Built: | 1963 |
Community information and market data Powered by Onboard Informatics. Copyright ©2024 Onboard Informatics. Information is deemed reliable but not guaranteed.
This information is provided for general informational purposes only and should not be relied on in making any home-buying decisions. School information does not guarantee enrollment. Contact a local real estate professional or the school district(s) for current information on schools. This information is not intended for use in determining a person’s eligibility to attend a school or to use or benefit from other city, town or local services.
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Community information and market data Powered by Onboard Informatics. Copyright ©2024 Onboard Informatics. Information is deemed reliable but not guaranteed.
This information is provided for general informational purposes only and should not be relied on in making any home-buying decisions. School information does not guarantee enrollment. Contact a local real estate professional or the school district(s) for current information on schools. This information is not intended for use in determining a person’s eligibility to attend a school or to use or benefit from other city, town or local services.
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Community information and market data Powered by Onboard Informatics. Copyright ©2024 Onboard Informatics. Information is deemed reliable but not guaranteed.
This information is provided for general informational purposes only and should not be relied on in making any home-buying decisions. School information does not guarantee enrollment. Contact a local real estate professional or the school district(s) for current information on schools. This information is not intended for use in determining a person’s eligibility to attend a school or to use or benefit from other city, town or local services.
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