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2810 Fairwest Street

Montgomery, AL 36108
  • $1,490,000
  • STATUS: Active
  • ON SITE: 33 Days
  • MLS #: 518516
UPDATED: 13 min ago
$1,490,000
  • 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 parking places. The property has 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 $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. 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 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.

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© 2022 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: 2022-07-02T19:20:33.067.

www.mybuckrealty.com/homes/129295709
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2810 Fairwest Street Montgomery, AL 36108

  • Price: $1,490,000
  • Status: Active
  • On Site: 33 Days
  • Updated: 13 min ago
  • MLS #: 518516
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 parking places. The property has 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 $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. 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 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.
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 Documents Count 1 Foundation Details Slab Gross Income 262600 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 4250 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 by David Herman of David Herman Realty: 334-207-2464.



© 2022 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: 2022-07-02T19:20:33.067.

 
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