36 MICHIGAN Avenue
Montgomery, AL 36110
- $44,900
Description
Here is a value-added rental property to start or add to your rental portfolio. This duplex property has one bedroom and one bath on each side and currently has one side rented at $400 per month. The other is rented for $450 a month with tenant paying a $75 late fee each month! If both sides are rented at the Section 8 maximum rate of $875 per month the pro-forma income for the year will be $21000 and the property value would be at least $100k! Property needs some rehab to be rent ready.
Features
Year Built: | 1940 |
Water: | Public |
Utilities: | Electricity Available, Natural Gas Available |
Construction: | Wood Siding |
Cooling: | Window Units |
Flooring: | Vinyl, Wood |
Heating: | Space Heater |
Interior: | Eatin Kitchen |
Kitchen: | Gas Water Heater |
Parking: | Concrete, Driveway, Gravel |
Pool Type: | None |
Directions
FROM LOWER WETUMPKA TURN ONTO MICHIGAN, HOUSE IS ON RT JUST PASS STOP SIGN
Courtesy of: David Herman Realty
Montgomery Metro Realty
- (334) 277-9100
- Contact Us