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425 Arthur Street , #2

Montgomery, AL 36107
  • $49,900
  • STATUS: Active Under Contract
  • ON SITE: 503 Days
  • MLS #: 494252
Under Contract
UPDATED: 52 min ago
$49,900
  • 0
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1920
County:
Area:

School Information

Middle School:
,

Description

This duplex property is a great investment located in Midtown Montgomery near Jackson Hospital and only minutes away to the interstate, downtown Montgomery and numerous shopping and dining locations. Each side has one bedroom and one bath and one side is currently leased at $355 per month but tenant is on a month-to-month lease. After fixing up the units and getting them rent ready you could increase the rent to as much as $600 per month under the Section 8 program and have the government guarantee your rental income. Property should be valued at over $86000 after obtaining optimum rents. Best of all tenants pay all utilities even water and garbage. Act quickly to add this property to your rental portfolio.

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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: 2022-09-27T09:20:48.49.

www.localrealtyal.com/homes/117012726
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425 Arthur Street , #2 Montgomery, AL 36107

  • Price: $49,900
  • Status: Active Under Contract
  • On Site: 503 Days
  • Updated: 52 min ago
  • MLS #: 494252
0
Beds
0
Baths
0
½ Baths
N/A
Acres
1920
Built
Neighborhood:
Highland Park
County:
Montgomery
Area:
Montgomery
Middle School:
,
Property Description
This duplex property is a great investment located in Midtown Montgomery near Jackson Hospital and only minutes away to the interstate, downtown Montgomery and numerous shopping and dining locations. Each side has one bedroom and one bath and one side is currently leased at $355 per month but tenant is on a month-to-month lease. After fixing up the units and getting them rent ready you could increase the rent to as much as $600 per month under the Section 8 program and have the government guarantee your rental income. Property should be valued at over $86000 after obtaining optimum rents. Best of all tenants pay all utilities even water and garbage. Act quickly to add this property to your rental portfolio.
Exterior Features

Construction Materials Wood Siding Pool Features None Waterfront YN No

Interior Features

Appliances RefrigeratorWater Heater Flooring VinylWood Interior Features Eat-In Kitchen

Property Features

Architectural Style One Story Association YN No Lease Amount 355 Lease Considered YN No 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 None Possession Close Of Escrow Sewer Public Sewer Stories 1 Tax Legal Description Campbell Lot 6 Blk 5 Plat Bk 2 Pg 32 Tenant Pays All Utilities Utilities Unknown 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: 2022-09-27T09:20:48.49.

 
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