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3260 Lexington Road

Montgomery, AL 36106
  • $222,000
  • STATUS: Active
  • ON SITE: 44 Days
  • MLS #: 505676
Price Reduced
UPDATED: 61 min ago
$222,000
  • 0
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1940
County:
Area:

School Information

Middle School:
,

Description

Multi-family investor rental in most desirable neighborhood on Lexington Road.This is a 3 unit opportunity with a two-story duplex totaling 3,767 sqft in the main building and a garage apartment with covered parking.Apartment #1 is a 3/2 with beautiful hardwood floors, and character from the 1940s.The 2nd unit is a 2/1 and has been rented by the same tenant for 9 years.The A/C units are in excellent age & condition.This property will need work to bring it up to top rental condition but the numbers work with an ARV over $300,000 and rental income totaling $2800 per month.Rent in this area has climbed 6.68% in the last 30 days alone.Unit 1 & the garage apartment are vacant at the moment.If you are a serious investor with a history of good property management in Montgomery, we want to share this property with you. Sold AS IS.

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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: 2021-12-03T00:20:30.063.

www.mybuckrealty.com/homes/122568348
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3260 Lexington Road Montgomery, AL 36106

  • Price: $222,000
  • Status: Active
  • On Site: 44 Days
  • Updated: 61 min ago
  • MLS #: 505676
0
Beds
0
Baths
0
½ Baths
N/A
Acres
1940
Built
Neighborhood:
Cedars
County:
Montgomery
Area:
Montgomery
Middle School:
,
Property Description
Multi-family investor rental in most desirable neighborhood on Lexington Road.This is a 3 unit opportunity with a two-story duplex totaling 3,767 sqft in the main building and a garage apartment with covered parking.Apartment #1 is a 3/2 with beautiful hardwood floors, and character from the 1940s.The 2nd unit is a 2/1 and has been rented by the same tenant for 9 years.The A/C units are in excellent age & condition.This property will need work to bring it up to top rental condition but the numbers work with an ARV over $300,000 and rental income totaling $2800 per month.Rent in this area has climbed 6.68% in the last 30 days alone.Unit 1 & the garage apartment are vacant at the moment.If you are a serious investor with a history of good property management in Montgomery, we want to share this property with you. Sold AS IS.
Exterior Features

Construction Materials Brick Garage YN Yes

Interior Features

Appliances Electric Water Heater Basement Finished Basement YN 1 Flooring CarpetTileWood Interior Features Separate/Formal Dining Room

Property Features

Architectural Style Two Story Association Fee 50 Association Fee Frequency Quarterly Association YN Yes Documents Count 2 Foundation Details Basement Lease Considered YN No Levels Two Listing Terms CashConventional MLSArea Minor Montgomery Area Association Of Realtors New Construction YN No Number Of Units In Community 3 Possession Close Of Escrow Sewer Public Sewer Stories 2 Tax Annual Amount 1160 Tax Legal Description Cedars Lot 7 Blk 4 Plat Bk 6 Pg 48 Utilities Electricity Available Water Source Public

Listing provided courtesy of Ralph Harvey of List With Freedom, Inc..



© 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: 2021-12-03T00:20:30.063.

 
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Buck Realty LLC
10203 Holtville Rd
Deatsville AL, 36022