3701 3743 Wesley Drive
Montgomery, AL 36111
- – beds
- – baths
- – sqft
- 1963 build
- – on site
INVESTORS DREAM!!! Great 22-unit apartment building with huge upside potential. 17 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, all but two have been renovated. Owner pays water and trash ($27/can) as well as the electricity for the outdoor lights. Potential monthly gross income for the 1 bedroom 1 bath units is $675 x 3 units=$2,025, $875 x 15 units is $13,125 and $925 x 4 units =$3700. Therefore, the total potential gross monthly rental income is $18,850 or $226,200 annually.
Last checked:
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Last updated Dec 11, 2024
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MLS# 566585 —
The Building
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Year Built:1963
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Year Built Source:Other
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New Construction:false
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Construction Materials:Brick
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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:LivingDiningRoom,BreakfastBar
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Stories:2
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Flooring:Carpet, Vinyl, Wood
Location
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Directions:From Norman Bridge Rd, turn on to E Patton Ave. Turn right onto Wesley Dr. Property is on the Left
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Latitude:32.33112
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Longitude:-86.29593
The Property
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Property Type:ResidentialIncome
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Parcel Number:10 09 30 4 014 002 000
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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) 277-8920
- Office phone:
- (334) 277-8920
Taxes
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Tax Legal Description:Lots 15, 16, 17, and 18, Block 20, Normandale Estates, Section 4, Plat Book 12, page 150.
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Tax Annual Amount:4380.0
Heating & Cooling
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Heating:Central, Electric, Gas
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Heating:true
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Cooling:CentralAir, Electric
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Cooling:true
Utilities
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Utilities:CableAvailable, ElectricityAvailable, NaturalGasAvailable, HighSpeedInternetAvailable
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Sewer:PublicSewer
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Water Source:Public
Appliances
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Appliances:ElectricCooktop, ElectricOven, ElectricWaterHeater, GasWaterHeater
The Community
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Subdivision Name:Normandale
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Association:false
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Association Fee Includes:MaintenanceGrounds,MaintenanceStructure,Parking
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Pool Features:None
Parking
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Parking Features:Concrete,Driveway
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 |
|---|---|---|---|---|
|
11/27/24
Nov 27, 2024
|
Listed / Active | MAAR_AL | $1,199,000 |
