3701 - 3743 Wesley Drive $1,400,000

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    3701 - 3743 Wesley Drive Montgomery, AL 36111

    • 0 Beds
    • 0 Baths
    • Multi-Family
    • MLS# 550257
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    Views: 65 Days On Site: 139

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    Property Details

    INVESTORS DREAM!!! Great 22-unit apartment building with huge upside potential. 15 of 22 units have been fully renovated and have tenants in them. There remains seven units to be remodeled. This is a great investment. All 1 Bedroom units are 900+ square feet and the 2 Bedroom apartments are 1000+ Sq/Ft with large patio/balconies. There is an incredible courtyard out back offering residents a place to rest and relax among nature. Two of the members of the company who owns the property are licensed Alabama and Georgia real estate agents There are three 1 bedroom 1 bath units, all have been renovated. There are fifteen 2 bedroom 1 bath units, all but three have been renovated. There are four 2 bedroom 2 bath units that have yet to be renovated. Owner pays water and trash ($27/can) as well as the electricity for the outdoor lights. Potential monthly gross income for the 1 bdrm 1 bath units is $675 x 3 units=$2025, $875 x 15 units is $13125 and $950 x 4 =$3800. Therefore, the total potential gross monthly rental income is $18,950 or $227,400 annually.

    • General Features
      • Waterfront Y/N false
      • Year Built 1963
      • New Construction Y/N false
      • Association Y/N false
    • Building Features
      • Appliances Electric Cooktop, Electric Oven, Electric Water Heater, Gas Water Heater
      • Foundation Details Slab
      • Cooling Central Air, Electric
      • Cooling Y/N true
      • Heating Central, Electric, Gas
      • Heating Y/N true
      • Interior Features LivingDiningRoom, Breakfast Bar
      • Number Of Units Total 22
    • Property Features
      • Utilities Cable Available, Electricity Available, Natural Gas Available, High Speed Internet Available
      • Sewer Public Sewer
      • Parking Features Concrete, Driveway
    • Schools
      • Middle Or Junior School ,

    Contact

    Mike Pierce

    Mike Pierce

    Manager

    RE/MAX Traditions

    Cell: 334-796-0975

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    Property History

    Date Event Price Percent Change
    -- Current Price Source: Multiple Listing Service New Value: $1,400,000
    1/12/2024 2:02:00 PM New in Database Source: Multiple Listing Service New Value: $1,400,000

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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. ©2024 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.