3701-3743 Wesley Dr - Apartments FOR SALE


Montgomery, AL 36111- Outer South/Airport
$1,049,000 USD
334-625-0668
3701-3743 Wesley Dr, Montgomery, AL for Sale
$1,049,000 USD
Apartments - FOR SALE
1/32
null | Request Cap Rate

3701-3743 Wesley Dr
Montgomery, AL 36111
Outer South/Airport


HIGHLIGHTS

  • Stabilized Rent
  • Large Value Add Potential
  • Opportunity Zone Benefits

OVERVIEW

Send all correspondence to therobinsonrealtyco@gmail.com or call 334-625-0668! This exceptional 22-unit apartment building offers tremendous upside potential. Fifteen of the twenty-two units have been fully renovated and are currently tenant-occupied, two are under current renovation and being marketed to renters, leaving five units ready for remodeling—an excellent opportunity to increase value and cash flow. Each unit ranges from 900 to 1,000 square feet and features spacious patios or balconies. Residents also enjoy access to a beautifully landscaped courtyard, providing a peaceful outdoor retreat. Major opportunity to increase value of asset, due to the large unit sizes 900 & 1,000 square ft, an additional bedroom could be added. Units are currently below market rent based on the Montgomery Housing Authority last updates Current maximum allowed rental amounts: 1 Br up to $932 2 Br up to $1108 3 Br up to $1432 Located in Opportunity Zone providing additional tax incentives. Three members of the ownership company are licensed real estate agents.

FOR SALE DETAILS

PRICE

$1,049,000 USD

PRICE/SF

$40 USD /SF

# OF UNITS

22

PRICE/UNIT

$47,682

CAP RATE

Request Cap Rate

% LEASED

72%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

The Rosa

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1963

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.55 AC

LAND SF

67,470 SF

ZONING

R-75-M

APN/PARCEL ID

10-09-30-4-014-002.000

ASK ABOUT THIS PROPERTY

Dr. Jasmine RobinsonNorluxe RealtyMore Info
334-625-0668

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Dr. Jasmine RobinsonNorluxe RealtyMore Info
334-625-0668

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.