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2810 Fairwest Street
Montgomery, AL 36108

  • $1,490,000
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Description

Are you a seasoned or new investor looking for an investment property in a hot market? Take a look at this 20-unit multi-family listing that just became available. Each unit is equipped with a stove, refrigerator and a window heating and cooling unit. 17 of the 20 units have been updated with only 3 remaining to renovate, and the parking lot has 20 parking places. The property has security lights and cameras outside that have recently been installed. rnrnThis property is a prime investment and when fully leased at pro-forma rents could generate over $260,000 per year and will be worth close to $1.6 million. There are 12 2-bedroom units that can be leased for up to $1150 per month and 8 1-bedroom units that can be leased for up to $800 per month. rnrnThe property is only one mile from a new charter school that should increase the value of the real estate in this area. It is also close to a public library, a large public high school and a new elementary school. rnrnMontgomery, Al. was named the #1 historical city by USA Today in 2014 and is home to the only Hyundai car manufacturing plant in the U.S. Also, Montgomery had close to one million people visit the National Memorial for Peace and Justice Museum and the companion Legacy Museum since its opening in 2018. Come invest in Montgomery Alabama, the City of Dreams.

Features

Year Built: 1960
Water: Public
Utilities: Cable Available, Electricity Available
Construction: Block, Concrete
Cooling: Window Units
Flooring: Vinyl
Foundation: Slab
Heating: Central, Electric
Interior: Eatin Kitchen
Kitchen: Electric Range, Electric Water Heater, Refrigerator
Parking: Asphalt, Driveway, Parking Pad
Pool Type: None

Directions

Take the I-65 exit at Fairview Avenue and Go West for 1 mile and then take a left onto Fairwest Street

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Courtesy of: David Herman Realty
  • Montgomery Metro Realty

  • (334) 277-9100
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4755 Woodmere Blvd.
Montgomery, AL
36106, USA

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