Montgomery, AL 36111 3701 Wesley Drive

$1,400,000

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Presented By: Keller Williams Buckhead
  • MLS# 7326558
  • 01/19/2024
Disclaimer: The information contained in this listing has not been verified by Worth Clark Realty and should be verified by the buyer.
  • Beds • 22
  • Baths • 22

Home Details

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.
Presented By: Keller Williams Buckhead

Interior Features for 3701 Wesley Drive

Bathrooms

Total Baths

Other Interior Features

FlooringCarpet, Ceramic Tile, Hardwood
Furnished Y/NUnfurnished
Window FeaturesNone

General for 3701 Wesley Drive

AccessibilityNone
Body of WaterNone
CityMontgomery
Community FeaturesNear Schools, Near Shopping, Public Transportation, Sidewalks, Street Lights
Construction MaterialsBrick 4 Sides
CoolingCentral Air, Electric
CountyMontgomery - AL
Days on Market89
DirectionsFrom Norman Bridge Rd, turn on to E Patton Ave. Turn right onto Wesley Dr. Property is on the Left
Elementary SchoolJohnson - Montgomery
Energy EfficientNone
Green Energy GenerationNone
HOA / Comm AssnNo
HeatingCentral
High SchoolLanier Senior
Home Warranty Y/NNo
Legal DescriptionNORMANDALE EST SECTION 4 LOT 15 BLK 20 PLAT BK 12 PG 150
LevelsTwo
Middle/Junior High SchoolMcKee
NumberOfUnitsTotal22
Occupancy TypeTenant
PossessionNegotiable
Property Attached Y/NNo
Property ConditionResale
Property SubTypeOther
Property TypeResidential Income
RoofShingle
Security FeaturesNone
SewerPublic Sewer
Standard StatusActive
StatusActive
Subdivision NameNormandale
Tax Annual Amount4380
Tax Lot15
Tax Year2022
UtilitiesCable Available, Electricity Available, Natural Gas Available, Phone Available
ViewCity, Trees/Woods
Waterfront FeaturesN
Year Built1963

Exterior for 3701 Wesley Drive

FencingBrick
Lot Dimensions149 x 110
Lot FeaturesLevel
Lot Size Acres1.55
Lot Size SourcePublic Records
Parking FeaturesParking Lot
Water SourcePublic

Additional Details

Price History

Schools

Middle School McKee Middle School
Elementary School Johnson - Montgomery Elementary School
High School Lanier Senior High School

Worth Clark

Price $1,400,000
MLS#7326558
List Date 01/19/2024
Property Type Multi-Family
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