3701 Wesley Drive, Montgomery, AL 36111 - Montgomery County

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.

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