About 3701 Wesley Drive
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.
Features of 3701 Wesley Drive
| MLS® # | 7326558 |
|---|---|
| Price | $1,375,000 |
| Bathrooms | 0.00 |
| Acres | 1.55 |
| Year Built | 1963 |
| Type | Residential Income |
| Sub-Type | Other |
| Status | Active |
Community Information
| Address | 3701 Wesley Drive |
|---|---|
| Subdivision | Normandale |
| City | Montgomery |
| County | Montgomery - AL |
| State | AL |
| Zip Code | 36111 |
Amenities
| Utilities | Cable Available, Electricity Available, Natural Gas Available, Phone Available |
|---|---|
| Parking | Parking Lot |
| View | City, Trees/Woods |
| Is Waterfront | No |
| Waterfront | None |
| Has Pool | No |
Interior
| Heating | Central |
|---|---|
| Cooling | Central Air, Electric |
| Fireplace | No |
| Stories | Two |
Exterior
| Lot Description | Level |
|---|---|
| Windows | None |
| Roof | Shingle |
| Construction | Brick 4 Sides |
School Information
| Elementary | Johnson - Montgomery |
|---|---|
| Middle | McKee |
| High | Lanier Senior |
Additional Information
| Foreclosure | No |
|---|---|
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details
| Office | Keller Williams Buckhead |
|---|