AL
Montgomery
Montgomery
36104
613-619 WATTS Street
613-619 WATTS Street, Montgomery, AL 36104
Listing Type
multi family
Listing Status
active
1
$559,900

Home Details for 613-619 WATTS Street

Price
$559,900
Type
ResidentialIncome
Bedrooms
0
Bathrooms
0.0
Square feet
NaN
Year built
1950
County
Montgomery
Garage
Days on site
658
MLS Listing#
523942
Listing courtesy: David Herman Realty - 334-207-2464
Property Description

A diamond in the rough multi-family investment opportunity! This 16-unit concrete block apartment complex is a total rehab but has the potential to bring in $950 per unit after the apartments are fixed up. The current owner has started the renovation by installing a brand new architectural shingled roof and replacing all the rotten fascia. The after repaired value of the complex is estimated to be approximately $1.1 million. Pro-forma rents are $182,400 per year at $950/month. The complex would be a perfect student housing complex as it is located within walking distance to a 4-year University. The complex is also located within minutes of the many historical attractions in Montgomery including the nationally acclaimed Equal Justice and Freedom Museum and Monument and the $90 million white water adventure park. Montgomery was named the #1 historical city in the United States by USA Today in 2014 and was listed on the NY Times list of "50 places you must visit before you die." Come experience the southern hospitality of Montgomery and attractive investment opportunities as Alabama has the lowest property taxes in the continental U.S. As an extra tax incentive the complex is in an opportunity zone.

Property Features
  • Utilities
    • CableAvailable
    • NaturalGasAvailable
  • Cooling Information
    • None
  • Heating Information
    • WallFurnace
  • Water Features
    • Public
  • House Interior
    • EatinKitchen
School Information
School Information for 613-619 WATTS Street, Montgomery, AL 36104
Elementary School
N/A
Middle School
,
High School
N/A
Montgomery Area Association of Realtors logoThe 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® Inc. Real estate listings held by brokerage firms other than EXIT Realty are governed by MLS Rules and Regulations and detailed information about them includes the name of the listing companies. This information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information herein is believed to be accurate and timely, but no warranty as such is expressed or implied. Listing information © 2024 Multiple Listing Service, inc. of Montgomery Area Association of REALTORS®, Inc.
Last Updated: 2024-06-08 07:11:58
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Median Listing Price
Median Days on Site
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Market statistics compiled from data from Montgomery Area Association of Realtors.
EXIT REALTY PARTNERS
1345 Carmichael Way, Montgomery, AL 36106
Office
334 356 7575
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