🏠 Act Fast: Updated 3BR Deal in Montgomery Under $50K!

Great opportunity to pick up a low-cost, low-maintenance 3 bedroom, 1 bath single-family home in Montgomery. This 840 sq ft brick home, built in 1960, sits on a 0.14-acre lot and features key updates including a newer roof and HVAC system. With just light touch-ups, this property is ready to rent or flip, making it ideal for landlords or entry-level investors.

🌟 Property Highlights:

• 3 Bedrooms / 1 Bathroom
• 840 Sq Ft | Built in 1960
• Lot Size: 0.14 Acres
• Roof: 10 years old – no known issues
• HVAC: Goodman unit (2020)
• Flooring: LPV throughout, tile in the bathroom
• Kitchen: In good rental condition w/ laminate counters & white appliances
• Bathroom: Fully updated with new tile & vanity
• Utilities currently off

🛠️ Repairs Needed:

• Fresh interior paint
• Minor sheetrock finishing
• Optional: Floor touch-ups

Estimated Repair Cost: $5,000 – $7,000

💡 Investor Takeaway:
With major systems already in place (roof & HVAC) and minimal cosmetic work needed, this property offers quick cash flow potential or a light flip in Montgomery’s rental market.

Contact: Lanier @ 334-201-0507 with questions, offers, or to schedule a showing.

Rental Potential:

Standard Rent: $750–$900/mo

Section 8: $950–$1,100/mo (local 3BR voucher range)

All-In Estimate: ~$57,900 (including repairs and closing)

At $850/mo: Net ~$600/mo | 12.4% Cap Rate

At $1,000/mo (Sec 8): Net ~$750/mo | 15.5% Cap Rate

Comps/ARV:

📈 ARV: $60K–$65K

Comp 1:  121 Destin St Montgomery AL 36110 sold for $105,000 @ $88/sqft and is a 4/1 1196 sqft on 12/9/2024 

Comp 2:  204 W Park Ave.  Montgomery AL 36110 sold for $73,000 @ $64/sqft and is a 3/1 1145 sqft on 10/4/2024 

Comp 3:  2820 Orlando Dr. Montgomery AL 36110 sold for $78,900 @ $66/sqft and is a 3/1 1200 sqft on 9/13/2024

Comp 4:  429 Edward Montgomery AL 36110 sold for $64,000 @ $79/sqft and is a 3/1 828 sqft on 4/08/2024