2810 Fairwest Street $850,000

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    2810 Fairwest Street Montgomery, AL 36108

    • 0 Beds
    • 0 Baths
    • Multi-Family
    • MLS# 492561
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    Views: 34 Days On Site: 18

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    Property Details

    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.

    • General Features
      • Waterfront Y/N 0
      • Year Built 1960
      • New Construction Y/N 0
      • Area MONT-SW Mont/Regional Airport
      • Association Y/N 0
    • Building Features
      • Appliances Electric Range, Refrigerator
      • Foundation Details Slab
      • Cooling Y/N 1
      • Heating Central, Electric
      • Heating Y/N 1
      • Interior Features Eat-in Kitchen
      • Number Of Units Total 20
    • Property Features
      • Utilities Cable Available, Electricity Available
      • Sewer Public Sewer
      • Parking Features Driveway, Parking Pad
    • Schools
      • Middle Or Junior School ,

    Contact

    Pat Watkins

    Pat Watkins

    REALTOR

    RE/MAX Tri-Star

    Cell: 334-799-6739

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    Property History

    Date Event Price Percent Change
    -- Current Price Source New Value: $850,000
    4/24/2021 8:19:00 PM New in Database Source New Value: $850,000

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    The data relating to real estate for sale on this web site comes in part from the IDX Program of the Multiple Listing Service, Inc. of Montgomery Area Association of REALTORS®. Real estate listings held by brokerage firms other than RE/MAX Alabama are governed by MLS Rules and Regulations and detailed information about them includes the name of the listing companies. Information herein is believed to be accurate and timely, but no warranty as such is expressed or implied. The information being provided is 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. ©2021 Multiple Listing Service, Inc. of Montgomery Area Association of REALTORS®.

    Note: All room dimensions, including square footage data, are approximate and must be verified by the buyer. The information contained herein is furnished by the owner to the best of his/her knowledge but is subject to verification by the purchaser, and agent assumes no responsibility for the correctness thereof. The sale offering is made subject to errors, omissions, change of price, prior sale, or withdrawal without notice. In accordance with the Law, this property is offered without respect to race, color, creed, national origin, sex, familial status or disability. This is not intended to solicit property currently listed.