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36 Michigan Avenue , A&B

Montgomery, AL 36110
  • $49,900
  • STATUS: Active Under Contract
  • ON SITE: 502 Days
  • MLS #: 494218
Under Contract
UPDATED: 58 min ago
$49,900
  • 0
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1940
County:
Area:

School Information

Middle School:
,

Description

Here is a value-added rental property to start or add to your rental portfolio. This duplex property has one bedroom and one bath on each side and currently has one side rented at $400 per month. The other side could be rented under the Section 8 program for as much as $600 per month, and rents will be government guaranteed. If both sides are rented at the Section 8 maximum rate of $600 per month the pro-forma income for the year will be understated, and the property value could be as high as $86000. Property needs some rehab to be rent ready. Call listing broker to see the vacant side.

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© 2022 Montgomery Area Association of Realtors, Inc. All rights reserved. IDX information is provided exclusively 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 is deemed reliable but is not guaranteed accurate by the MLS or LocAL Realty. Data last updated: 2022-09-30T15:20:49.377.

www.localrealtyal.com/homes/117257887
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36 Michigan Avenue , A&B Montgomery, AL 36110

  • Price: $49,900
  • Status: Active Under Contract
  • On Site: 502 Days
  • Updated: 58 min ago
  • MLS #: 494218
0
Beds
0
Baths
0
½ Baths
N/A
Acres
1940
Built
Neighborhood:
Chisholm
County:
Montgomery
Area:
Montgomery
Middle School:
,
Property Description
Here is a value-added rental property to start or add to your rental portfolio. This duplex property has one bedroom and one bath on each side and currently has one side rented at $400 per month. The other side could be rented under the Section 8 program for as much as $600 per month, and rents will be government guaranteed. If both sides are rented at the Section 8 maximum rate of $600 per month the pro-forma income for the year will be understated, and the property value could be as high as $86000. Property needs some rehab to be rent ready. Call listing broker to see the vacant side.
Exterior Features

Construction Materials Wood Siding Exterior Features Concrete DrivewayGravel Driveway Parking Features ConcreteDrivewayGravel Pool Features None Waterfront YN No

Interior Features

Appliances Gas Water Heater Cooling Window Unit(S) Cooling YN Yes Flooring VinylWood Heating Space Heater Heating YN Yes Interior Features Eat-In Kitchen

Property Features

Architectural Style One Story Association YN No Gross Income 13200 Lease Considered YN No Lease Term None Levels One Listing Terms CashConventional Lot Features City Lot MLSArea Minor Montgomery Area Association Of Realtors New Construction YN No Number Of Units In Community 2 Owner Pays SewerTrash CollectionWater Possession Close Of Escrow Sewer Public Sewer Stories 1 Tax Annual Amount 97 Tax Legal Description Comm At The Sw Cor Of Sw 1/4 Of Sec 29 T17n R18e Th N 455 To N Row Of Michigan Ave Th E 725 To Pob Th N 200 Th E 66 Th 725 To Pob Th N 200 Th E 66 Th S 200 To N Row Of Said Rd Th W 66 To Pob Tenant Pays ElectricityGas Utilities Electricity AvailableNatural Gas Available Water Source Public

Listing provided by David Herman of David Herman Realty: 334-207-2464.



© 2022 Montgomery Area Association of Realtors, Inc. All rights reserved. IDX information is provided exclusively 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 is deemed reliable but is not guaranteed accurate by the MLS or LocAL Realty. Data last updated: 2022-09-30T15:20:49.377.

 
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