Prime Cloverdale Investment Opportunity and Prime LOCATION! This Classic Brick Two-Unit Multifamily Home sits in the heart of Historic Cloverdale, one of Montgomery’s most charming and sought-after neighborhoods. Each spacious apartment features Hardwood Floors, Central Heating and Air, a Water Heater, and Washer/Dryer hookups. New Roof in 2020. The units boast Large Living Rooms and Unit 3141 has a Dining Room. Both units provide comfortable layouts and timeless character. The property offers attic space for storage, large yard and ample off-street parking. This rental property is in-demand—vacancies rarely exceed 1.5 months! Current Gross Annual Income: $24,450 (based on current annual leases), Pro Forma Cap Rate over 6% (based on current market rents). This property is within walking distance to Cloverdale Road Park, several popular local restaurants and a short drive to Huntingdon College, ASU, State Capitol and Maxwell AFB. Whether you’re looking for a turnkey investment or envision converting this beauty into a single-family residence, opportunities like this don’t come along often!
Property Features
Cooling Information
Central Air
Ceiling Fan(s)
Electric
Utilities
Cable Available
Electricity Available
Natural Gas Available
Heating Information
Central
Natural Gas
Parking
Driveway
Parking Pad
Water Features
Public
School Information
School Information for 3141 Le Bron Road, Montgomery, AL 36106
Elementary School
N/A
Middle School
,
High School
N/A
Listing Courtesy: IronGate Real Estate - 334-425-7835