3701 – 3743 Wesley Drive, Montgomery, AL 36111
Overview
- ResidentialIncome
- 1963
- 550257
- MLS#
Description
INVESTORS DREAM!!!
Great 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.
Address
Open on Google Maps- Address 3701 - 3743 Wesley Drive
- City Montgomery
- State/county AL
- Zip/Postal Code 36111
- Area Normandale
- Country United States
Details
Updated on June 8, 2024 at 10:48 am- Property ID: 320503
- Price: $1,400,000
- Year Built: 1963
- Property Type: ResidentialIncome
- Property Status: For Sale
- MLS#: 550257
- Office Name: KW MONTGOMERY
- Agent Name: Jasmine M. Robinson
- MLS Status: Active
- New Construction: No
- County: Montgomery
Additional details
- Sewer: PublicSewer
- Cooling: CentralAir,Electric
- Heating: Central,Electric,Gas
- Tax Annual: 4380
- Flooring: Carpet,Vinyl,Wood
- County: Montgomery
- Pool: None
- Parking: Concrete,Driveway
- Middle/Junior School: ,
- Water Source: Public
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