3034 3044 Fairwest Place Unit 24
Montgomery, AL 36108
- – beds
- – baths
- – sqft
- 1955 build
- – on site
This 24-unit apartment complex is built out of sturdy, concrete block construction, and each unit has 2 bedrooms and 1 bath. It has great investment potential once extensive renovations are made. It is located near Interstate 65 and across the street from the Public Health department and in close proximity to three public schools. This property is ready for an investor to bring it back to life and generate strong cash flow. It is a prime investment and when fully leased at pro-forma rents for Section 8 tenants, it can bring in almost $300K per year which should make the value of the property approximately $1.7M. In 2014, Montgomery, Alabama was named by USA Today as the #1 historical city in the United States. It is also home to the only Hyundai car manufacturing plant in the U.S. Montgomery had close to 1 million people visit the National Memorial for Peace and Justice museum and the companion Legacy Museum. In 2024, Montgomery, Alabama landed on the top 25 best places to visit in the South from the Southern Living magazine. Come invest in Montgomery, Alabama. Act quickly to get more details on the 24-unit apartment complex and/or to schedule a showing.
Last checked:
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Last updated Feb 5, 2025
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MLS# 570156 —
The Building
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Year Built:1955
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Unit Number:24
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New Construction:false
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Construction Materials:Block,Concrete
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Architectural Style:TwoStory
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Foundation Details:Slab
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Levels:Two
Interior
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Interior Features:EatInKitchen
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Stories:2
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Flooring:Tile
Financial & Terms
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Lease Considered:false
Location
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Directions:Take the Fairview Avenue exit off of I-65 and the apartments are past Carver High School
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Latitude:32.34936
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Longitude:86.33708
The Property
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Property Type:ResidentialIncome
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Parcel Number:1106233002010.000,1106233002009.000,1106233001007.
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Lot Features:CityLot
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Lot Size Units:Acres
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Waterfront:false
Listing Agent
- Contact info:
- Agent phone:
- (334) 207-2464
- Office phone:
- (334) 207-2464
Taxes
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Tax Legal Description:1106233002010.000,1106233002009.000,1106233001007.000
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Tax Annual Amount:1323.0
Utilities
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Utilities:CableAvailable, ElectricityAvailable
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Sewer:PublicSewer
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Water Source:Public
Appliances
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Appliances:ElectricWaterHeater
The Community
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Association:false
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Transit Score®
Provided by WalkScore® Inc.
Transit Score measures a location's access to public transit. It is based on nearby transit routes frequency, type of route (bus, rail, etc.), and distance to the nearest stop on the route. Transit Scores range from 0 (Minimal Transit) to 100 (Rider’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Sale history
| Date | Event | Source | Price | % Change |
|---|---|---|---|---|
|
2/4/25
Feb 4, 2025
|
Listed / Active | MAAR_AL | $480,000 |
