3141 Le Bron Road
Montgomery, AL 36106
- $242,500
Description
Prime Cloverdale Investment Opportunity and Prime LOCATION! This Classic Brick Two-Unit Multifamily Home sits in the heart of Historic Cloverdale, one of Montgomeryu2019s most charming and sought-after neighborhoods. Each spacious apartment features Hardwood Floors, Central Heating and Air, a Water Heater, and Washer/Dryer hookups. New Roof in 2020. The units boast Large Living Rooms and Unit 3141 has a Dining Room. Both units provide comfortable layouts and timeless character. The property offers attic space for storage, large yard and ample off-street parking. This rental property is in-demandu2014vacancies rarely exceed 1.5 months! Current Gross Annual Income: $24,450 (based on current annual leases), Pro Forma Cap Rate over 6% (based on current market rents). This property is within walking distance to Cloverdale Road Park, several popular local restaurants and a short drive to Huntingdon College, ASU, State Capitol and Maxwell AFB. Whether youu2019re looking for a turnkey investment or envision converting this beauty into a single-family residence, opportunities like this donu2019t come along often!
Features
| Year Built: | 1930 |
| Water: | Public |
| Utilities: | Cable Available, Electricity Available, Natural Gas Available |
| Construction: | Brick |
| Cooling: | Central Air, Ceiling Fans, Electric |
| Flooring: | Tile, Wood |
| Heating: | Central, Gas |
| Interior: | Separate Formal Dining Room |
| Kitchen: | Electric Range, Gas Range, Gas Water Heater, Microwave Hood Fan, Microwave, Refrigerator |
| Parking: | Driveway, Parking Pad |
| Pool Type: | None |
Directions
From E Fairview Ave, turn south onto Le Bron Road. Home is on the left.
Courtesy of: IronGate Real Estate
Montgomery Metro Realty
- (334) 277-9100
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