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    2810 Fairwest Street

    Montgomery, AL 36108
    • $989,000
    • STATUS: Active
    • ON SITE: 51 days
    • MLS #: 492561
    UPDATED: 39 min ago
    $989,000
    • 0
      BEDS
    • N/A
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Type:
    Multi-Family
    Built:
    1960
    County:
    Area:

    School Information

    Middle School:
    ,

    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 newly striped parking places. The property has a new $50000 roof with new gutters, downspouts and a new privacy fence. Also, there are new security lights and cameras outside that have recently been installed. This property is a prime investment and when fully leased at pro-forma rents could generate over $158,000 per year and will be worth close to $1.0 million. There are 12 2-bedroom units that can be leased for up to $695 per month and 8 1-bedroom units that can be leased for up to $595 per month. Currently 12 of the 20 units are leased and seller is actively leasing the other units. The 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. Montgomery, Al. was named the #1 historical city by USA Today 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.

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    © 2021 Montgomery Area Association of Realtors, Inc. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Buck Realty LLC. Data last updated: 2021-06-15T08:20:28.743.

    www.mybuckrealty.com/homes/116452873
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    2810 Fairwest Street Montgomery, AL 36108

    • Price: $989,000
    • Status: Active
    • Updated: 39 min ago
    • MLS #: 492561
    0
    Beds
    0
    Baths
    0
    ½ Baths
    N/A
    Acres
    1960
    Built
    County:
    Montgomery
    Area:
    Montgomery
    Middle School:
    ,
    Property 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 newly striped parking places. The property has a new $50000 roof with new gutters, downspouts and a new privacy fence. Also, there are new security lights and cameras outside that have recently been installed. This property is a prime investment and when fully leased at pro-forma rents could generate over $158,000 per year and will be worth close to $1.0 million. There are 12 2-bedroom units that can be leased for up to $695 per month and 8 1-bedroom units that can be leased for up to $595 per month. Currently 12 of the 20 units are leased and seller is actively leasing the other units. The 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. Montgomery, Al. was named the #1 historical city by USA Today 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.
    Exterior Features

    Construction Materials BlockConcrete Parking Features AsphaltDrivewayParking Pad Pool Features None Waterfront YN No

    Interior Features

    Appliances Electric RangeElectric Water HeaterRefrigerator Cooling Window Unit(S) Cooling YN Yes Flooring Vinyl Heating CentralElectric Heating YN Yes Interior Features Eat-In Kitchen

    Property Features

    Architectural Style Two Story Association Fee Includes Maintenance GroundsParkingTrash Association YN No Foundation Details Slab Gross Income 157200 Lease Considered YN No Lease Term 12 Months Levels Two Listing Terms CashConventional Lot Features City Lot MLSArea Minor Montgomery Area Association Of Realtors New Construction YN No Number Of Pads 20 Number Of Units In Community 20 Owner Pays Grounds CareInsuranceSewerTaxesTrash CollectionWater Possession Close Of Escrow Sewer Public Sewer Stories 2 Tax Annual Amount 1897 Tax Legal Description Plat 2 Part N1/2 Of Sw1/4 Lot 33 Blk B Plat Bk 14 Pg 30 Tenant Pays Electricity Utilities Cable AvailableElectricity Available Water Source Public

    Listing provided courtesy of David Herman of David Herman Realty.



    © 2021 Montgomery Area Association of Realtors, Inc. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Buck Realty LLC. Data last updated: 2021-06-15T08:20:28.743.

     
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    Buck Realty LLC
    10203 Holtville Rd
    Deatsville AL, 36022