Address
2810 Fairwest Street Montgomery, AL
Price
$ 989,000
Property Attributes
  • MLS#492561
  • TypeContingent
  • CountyMONTGOMERY
  • CityMontgomery
  • Zip36108
  • StyleTwo Story
  • Year Built1960
  • Taxes$ 1897
  • Price$ 989,000
  • Bedrooms3
  • Full Bathrooms2
  • Half Bathrooms0
Listing Provided Courtesy Of:
David Herman Realty
Data Source:
Montgomery MLS (MAAR) - 306 - AL
Property Description

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.

Price History
4/25/2021 Listed $850,000

General Features

Appliances Electric Range, Electric Water Heater, Refrigerator
Architectural Style Two Story
Association Fee Includes Maintenance Grounds, Parking, Trash
Construction Materials Block, Concrete
Cooling Window Unit(s)
Flooring Vinyl
Heating Central, Electric
Interior Features Eat-in Kitchen
Levels Two
Listing Agent State License 0011073
MLS Area MONT-SW Mont/Regional Airport
Mlsareaminor Montgomery Area Association of Realtors
Pool Features None
Property Type Residential Income
Sewer Public Sewer
Status Contingent
Stories 2
Terms Cash, Conventional
Total Units 20
Utilities Cable Available, Electricity Available

Interior Features

Air Conditioning Y/N Yes
Heating Y/N Yes

Exterior Features

Foundation Details Slab
Lot Features City Lot
Lot Size Units Acres
Number of Pads 20
Parking Features Asphalt, Driveway, Parking Pad
Water Source Public

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Contingent Average in 36108

Price
AVG $80K
$990K
Taxes
AVG $560
$1,897
Visits
AVG 42
10
Year Built
AVG 1965
1960
Walkscore
AVG 32
35
Data Provided by Walkscore ® not using MLS data

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