🏠 Affordable Investment Opportunity – Townhouse in Montgomery

This 2-bedroom, 2-bathroom townhouse offers a fantastic investment opportunity for rental income or resale. Spanning 1,080 sq. ft. and featuring a two-story layout with a balcony and covered parking, this property has solid potential with some minor renovations.

Key Features:

Roof: Leak in one bedroom causing ceiling damage, patchwork done but needs repair.
HVAC: 5 years old and in good condition.
Flooring: Replacement recommended.
Kitchen & Bathrooms: Both are in good shape for a rental.
Water Heater: New tankless system installed.
Interior Paint: Needs fresh paint and sheetrock repair in the affected bedroom.

With a little TLC, this property can quickly become rental-ready, offering excellent returns for the savvy investor.

This home is sold as-is and available for cash or conventional buyers only.

Repairs:

Fresh interior paint, bathroom ceiling repair, and flooring updates. Estimated cost: $7,000 – $10,000.

Comps/ARV:

Comp 1: 1607 E Trinity Blvd. Montgomery AL 36106 sold for $63,500 @ $56/sqft and is a 2/2 1152 sqft on 07/12/2024
Comp 2: 1601 Chateau Cir Montgomery AL 36106 sold for $92,629 @ $59/sqft and is a 3/2 1658 sqft on 08/23/2024
Comp 3: 4112 Denton Dr. Montgomery AL 36106 sold for $130,000 @ $108/sqft and is a 2/2 1207 sqft on 07/1/2024