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 five 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. rnrnrnrnTwo 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.rnrnOwner pays water and trash ($27/can) as well as the electricity for the outdoor lights. rnrn| *** 2025 fire damaged 2 units not yet renovated & roof of one building***rnrn***Asbestos discovered in drywall / sheetrock joint compound in burned building***rnrn***Abatement estimates available upon receipt of POF*** | rnrn***VALUE ADD OPPORTUNITY***rnrn-Due to the large unit sizes 900 & 1,000 square ft, an additional bedroom could be added.rnrn-5 units are left to be renovated rnrn-Below market rent based on the Montgomery Housing Authority last updates rnrn-1 Br up to $932rnrn-2 Br up to $1108rnrn-3 Br up to 1432rnrn-Laundry facility & vending machine additions.rnrn-Add new roof.rnrn-Located in Opportunity Zone providing additional tax incentives.

Features

Directions

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

Courtesy of: Norluxe Realty Montgomery