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625 E Patton Avenue

Montgomery, AL 36111
  • $179,900
  • STATUS: Active
  • ON SITE: 58 Days
  • MLS #: 531217
UPDATED: 22 min ago
$179,900
  • 0
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
County:
Area:

School Information

Middle School:
,

Description

If you are a seasoned or new investor looking for a value-added investment property in a hot market, take a look at this 4-unit property in Normandale Estates. Each unit is large with 2 bedrooms, 1 bath and approximately 1000 square feet. Once the units are rehabbed you should have little maintenance costs and be able to receive at least $900 per unit on the Section 8 program. The complex is all brick, has a secure entry door, a new roof within the past year, some electrical work has been done and best of all the tenants pay all utilities including water and garbage. This 4-unit building when fully leased can generate over $43000 per year and should be worth approximately $260,000.Property taxes are almost non existent at less than $40 a month!!Serious offers only please!

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[Montgomery Area Association of Realtors] logo © 2023 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: 2023-02-09T00:20:46.397.

www.mybuckrealty.com/homes/135361823
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625 E Patton Avenue Montgomery, AL 36111

  • Price: $179,900
  • Status: Active
  • On Site: 58 Days
  • Updated: 22 min ago
  • MLS #: 531217
0
Beds
0
Baths
0
½ Baths
N/A
Acres
Neighborhood:
Normandale Estates
County:
Montgomery
Area:
Montgomery
Middle School:
,
Property Description
If you are a seasoned or new investor looking for a value-added investment property in a hot market, take a look at this 4-unit property in Normandale Estates. Each unit is large with 2 bedrooms, 1 bath and approximately 1000 square feet. Once the units are rehabbed you should have little maintenance costs and be able to receive at least $900 per unit on the Section 8 program. The complex is all brick, has a secure entry door, a new roof within the past year, some electrical work has been done and best of all the tenants pay all utilities including water and garbage. This 4-unit building when fully leased can generate over $43000 per year and should be worth approximately $260,000.Property taxes are almost non existent at less than $40 a month!!Serious offers only please!
Exterior Features

Construction Materials Brick Parking Features Parking Pad Waterfront YN No

Interior Features

Appliances Electric Water Heater Cooling None Cooling YN No Flooring Wood Heating CentralGas Heating YN Yes Interior Features Living/Dining Room

Property Features

Architectural Style Two Story Association YN No Documents Count 1 Foundation Details Slab Gross Income 36000 Lease Considered YN No Levels Two Listing Terms CashConventional Lot Features City Lot MLSArea Minor Montgomery Area Association Of Realtors New Construction YN No Number Of Pads 4 Number Of Units In Community 4 Owner Pays Grounds CareInsuranceTaxes Possession Close Of Escrow Sewer Public Sewer Stories 2 Tax Annual Amount 356 Tax Legal Description Normandale Est Section 2 Lot 20 Blk 11 Plat Bk012 Page 046 Tenant Pays All Utilities Utilities Natural Gas Available Water Source Public

[Montgomery Area Association of Realtors] logo Listing provided by David Herman of David Herman Realty: 334-207-2464.



[Montgomery Area Association of Realtors] logo © 2023 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: 2023-02-09T00:20:46.397.

 
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Buck Realty LLC
10203 Holtville Rd
Deatsville AL, 36022