3701 Wesley Drive
Montgomery, AL 36111
- – beds
- – baths
- ~2 acre lot
- 1963 build
- – on site
INVESTORS DREAM!!! 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.
Last checked:
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Last updated Aug 21, 2024
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MLS# 7326558 —
The Building
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Year Built:1963
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Construction Materials:Brick 4 Sides
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Levels:Two
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Roof:Shingle
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Window Features:None
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Security Features:None
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Accessibility Features:None
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Green Energy Efficient:None
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# of Units Total:22
Interior
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Furnished:Unfurnished
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Room Basement Level:Basement
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Flooring:Carpet
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:32.332082
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Longitude:-86.295227
The Property
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Parcel Number:1009304014002000
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Property Type:Residential Income
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Property Type:Residential Income
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Property Subtype:Other
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Property Condition:Resale
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Lot Features:Level
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Lot Size Acres:1.55
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Lot Size Dimensions:149 x 110
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Lot Size Source:Public Records
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View:City
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Fencing:Brick
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Waterfront Features:None
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Water Body Name:None
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Property Attached:false
Listing Agent
- Contact info:
- Agent phone:
- (404) 579-6699
- Office phone:
- (404) 604-3800
Taxes
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Tax Year:2022
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Tax Lot:15
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Tax Annual Amount:4380
The Listing
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Virtual Tour URL Unbranded 2:https://www.propertypanorama.com/3701-Wesley-Drive-Montgomery-AL-36111/unbranded
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Home Warranty:false
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Special Listing Conditions:None
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Special Circumstances:Investor Owned
Heating & Cooling
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Cooling:Central Air
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Heating:Central
Utilities
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Utilities:Cable Available
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Sewer:Public Sewer
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Water Source:Public
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Green Energy Generation:None
Schools
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Elementary School:Johnson - Montgomery
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Middle Or Junior School:McKee
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High School:Lanier Senior
The Community
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Subdivision Name:Normandale
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Community Features:Near Schools
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Pool Private:false
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Dock:None
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Association:false
Parking
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Parking Features:Parking Lot
Listing Provided Courtesy of Keller Williams Buckhead
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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 |
|---|---|---|---|---|
|
8/12/24
Aug 12, 2024
|
Price Changed | FMLS | $1,375,000 | -1.8% |
|
1/18/24
Jan 18, 2024
|
Listed / Active | FMLS | $1,400,000 |
