855.375.4001
Listing Courtesy of: David Herman - David Herman Realty 334-207-2464

2810 Fairwest Street Montgomery, AL 36108

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Cluster Residence
Beds
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... Bed/Bath
Sq. Ft.

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Last updated on 12/4/2024 7:31 PM
Rents are pro-forma at $1050 per month for the 2 bedrooms and $875 per month for the 1 bedrooms. These pro-forma rents are easily attainable under the Section 8 program. PRICE JUST REDUCED BY $750000 for a fast cash sale which closes in 3 weeks. $50k earnest money deposit which goes hard and is not ...refundable but rather immediately goes to the buyer if buyer has not cancelled by end of the 10 day inspection period. The $50k will be credited to the purchase price. Lots of investors are now jumping on this incredible deal! Price was $1.5 million but seller is sacrificing the apartments. He paid $925k and put $200-$300 thousand k into the property! And there is one more surprise only to be revealed to the purchaser after proof of funds are shown. Are you a seasoned or new investor looking for an investment property in a hot market? Take a look at this 20-unit in a hot market? This property is a prime investment and when fully leased at pro-forma rents could generate over $260,000 per year and will be worth close to $1.4 million. There are 12 2-bedroom units that can be leased for up to $1050 per month and 8 1-bedroom units that can be leased for up to $875 per month. Also it has two storage rooms, convertible to efficiency apartments for an extra $12000 annual rents and possibly more. Montgomery, Al. was named the #1 historical city by USA Today in 2014 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 JUST REDUCED BY $850k FOR A QUICK SALE!!! Must close in 21 days!! Continue reading
MLS#
518516
Property Type
Cluster
Year Built
1960
Stories
2.0

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Listing Courtesy of: David Herman - David Herman Realty 334-207-2464
Andrea D. Conner, License 000112954-0, Xome Inc., License C000100267, [email protected], 844-400-XOME (9663), 750 State Highway 121 Bypass, Suite 100, Lewisville, TX 75067


Information herein is believed to be accurate and timely, but no warranty as such is expressed or implied. Listing information Copyright 2024 Multiple Listing Service, Inc. of Montgomery Area Association of REALTORS®, Inc. The information being provided is for consumers’ personal, non-commercial use and will not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data relating to real estate for sale on this web site comes in part from the IDX Program of the Multiple Listing Service, Inc. of Montgomery Area Association of REALTORS®. Real estate listings held by brokerage firms other than Xome Inc. are governed by MLS Rules and Regulations and detailed information about them includes the name of the listing companies.
This content last refreshed on 12/4/2024 7:31 PM. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.
Information is deemed reliable but is not guaranteed.
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