🏘 Value-Add 6-Unit Multifamily in Montgomery!

Investor alert! This 6-unit brick multifamily property on a corner lot in Montgomery is ready for a full rehab. With 5 two-bedroom/one-bath units and 1 two-bedroom/two-bath unit, the layout is ideal for long-term rental income.

📍 1678 Oak St, Montgomery, AL 36108
💲 Price: $49,900
🏢 6 Units | 5× 2/1 + 1× 2/2
📐 4,290 SqFt | Built 1950 | .144 Acres
🧱 Brick on Slab | Corner Lot

🛠️ Renovation Estimate:

Full rehab needed: ~$100,000–$140,000

Estimated all-in: $160,000–$200,000

💸 Rental ARV Breakdown:

Estimated Rent per Unit: $750/month
Gross Annual Rent: $54,000
Operating Expenses:
Property Management (10%): $5,400
Maintenance (10%): $5,400
Property Taxes: $400
Insurance: $3,000
Estimated Net Operating Income (NOI): $12,545

Projected Cap Rate: 20%–25%