625 Patton Avenue Montgomery, AL 36111

Status: Active | MLS #: 531217
If you are a seasoned or new investor looking for a value-added investment property in a hot market, take a look at this 4-unit property in Normandale Estates. Each unit is large with 2 bedrooms, 1 bath and approximately 1000 square feet. Once the units are rehabbed you should have little maintenance costs and be able to receive at least $900 per unit on the Section 8 program. The complex is all brick, has a secure entry door, a new roof within the past year, some electrical work has been done and best of all the tenants pay all utilities including water and garbage. This 4-unit building when fully leased can generate over $43000 per year and should be worth approximately $260,000.rnrnProperty taxes are almost non existent at less than $40 a month!!rnSerious offers only please!
Courtesy of: David Herman Realty

Features

  • Parking: Parking Pad
  • Junior/Middle School: ,
  • Utilities: Natural Gas Available
  • Water: Public
  • Cooling: None
  • Heating: Central, Gas
  • Cooling: None
  • Flooring: Wood
  • Construction: Brick
  • Kitchen: Electric Water Heater
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Location

Located off Norman Bridge Road across from Normandale Shopping Center