1 W Wareingwood Dr, Montgomery, AL 36109
1 W Wareingwood Dr, Montgomery, AL 36109
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Commercial property for sale
- Description
- Welcome to Wareingwoood Apartments located in Montgomery, Alabama near Maxwell Air Force Base. Ask us about owner financing! This property has a 9.8 % cap rate at current rental rates. 10.5% when rates go up $25 per unit at renewal. Investment opportunity. 8 unit apartment complex. 4 units have a 3 bedroom floor plan. The estimated monthly rent is $600. 4 units have a 2 bedroom floor plan. the estimated monthly rent is $575. Several of the units have been refurbished. Brick construction exterior. Located in a well established area. Convenient to shopping and dining. Each unit has private patio area. Montgomery is home to 8 colleges and universities as well as Hyundai Manufacturing of Alabama. $325,000 Building price details: $325,000.
- Exterior Features
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Parking Type: Surface - Map Locations
- Contact info
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Paul Hodges334-495-8888 [Office]EXIT Hodges Real Estate
- Note
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- Property Details
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Building Name: Wareingwood Apartments Property Type: Multifamily Use Types: Mid-Rise Status: Available Price: $ 40,625 +/Unit Number of Stories: 2 Year Built: 1960 Year Renovated: 2011 MSA: Montgomery Zoning: MULTIFAMILY Buildings: 2 Construction: Brick Terms: Cash to Seller, Owner Financing Added: 03/05/2012 Last Update: 06/07/2013