3701 - 3743 Wesley Drive
$1,199,000
Description
3701 - 3743 Wesley Drive,
Montgomery,
AL
36111
INVESTORS DREAM!!! Great 22-unit apartment building with huge upside potential. 17 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.
This is an Active listing.
Broker Office Phone Number: 334-277-8920
Copyright © 2024Montgomery Area Association of Realtors MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Amenities
- Carpet
- Carpeted Floors
- Vinyl Flooring
- Wood Floors
- Driveway
Listing By: KW Montgomery via Data Source: Montgomery Area Association of Realtors MLS
Price History
| date | price | variance | type |
|---|
| 11/28/2024 | $1,199,000 | 12.80 % | decreased |
| 1/11/2024 | $1,375,000 | - | Listed |
listing agent: Jaquon Robinson
