5 bedroom house for sale
$1,400,000 - Montgomery AL 36111Overview
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.Advertisement
Montgomery AL 36111
5 bedroom house for sale
- Beds: 5
- Baths: 4
- Price: $1,400,000
- Reference No.: 67552275
House Montgomery
This House for sale is located at Montgomery AL 36111. The home has 5 Bedroom and 4 Bathrooms. This 5 bedroom House in Montgomery AL is for sale for $1,400,000 .
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2024-07-06, Viewed 0 times.
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2024-07-06, Viewed 0 times.
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