Description

INVESTORS DREAM!!!rnrnGreat 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. rnrnTwo of the members of the company who owns the property are licensed Alabama and Georgia real estate agentsrnrnThere are three 1 bedroom 1 bath units, all have been renovated.rnrnThere are fifteen 2 bedroom 1 bath units, all but three have been renovated.rnrnThere are four 2 bedroom 2 bath units, all but two have been renovated.rnrnrnrnOwner pays water and trash ($27/can) as well as the electricity for the outdoor lights. rnrnPotential monthly gross income for the 1 bedroom 1 bath units is $675 x 3 units=$2,025, $875 x 15 units is $13,125 and $925 x 4 units =$3700. Therefore, the total potential gross monthly rental income is $18,850 or $226,200 annually.

Features

Directions

From Norman Bridge Rd, turn on to E Patton Ave. Turn right onto Wesley Dr. Property is on the Left

Courtesy of: KW Montgomery