🏡 Affordable 3BR Brick Home in Montgomery – Great Rental or Flip at $49,900!
Great investment opportunity! This charming brick single-family home offers 3 bedrooms and 1 bathroom with 1,025 sq ft of living space, built in 1970 on a sturdy slab foundation. Conveniently located at 530 Brookview Dr, Montgomery, AL, this property is perfectly positioned for investors and rental buyers looking for steady cash flow.
Property Highlights:
Price: $49,900
Projected Rent: $800 – $1,000/month (Section 8 potential: $1,200 – $1,300/month)
New Roof: Recently replaced
Kitchen: Good condition, minimal upgrades needed
Bathroom: Solid rental-ready condition, minor repairs recommended
Utilities: City water, sewage system, electric service
Repairs and Recommendations
Roof: New roof installed; minor repairs to fascia and soffit boards still needed
Repairs and Recommendations:
- Roof: New roof installed; minor repairs to fascia and soffit boards still needed
- HVAC: Currently window units; installing central HVAC recommended ($5,000 – $7,000)
- Flooring: Carpet replacement recommended; tile already present in kitchen and bath
- Interior Paint: Fresh coat recommended for better rental appeal
- Bathroom: Minor hardware updates needed (handles in tub area)
Estimated renovation budget: Approximately $5,000 without HVAC upgrade, or $10,000 – $12,000 with central HVAC installation.
Invest in a property that offers immediate equity potential and strong rental returns. Perfect for buy-and-hold investors or first-time flippers in Montgomery, AL!
Comps/ARV:
Comp 1: 2926 Vandy Dr Montgomery AL 36110 sold for $75,000 @ $52/sqft and is a 3/1 1440 sqft on 5/28/2024
Comp 2: 3080 Alta Rd. Montgomery AL 36110 sold for $50,000 @ $53/sqft and is a 3/1 950 sqft on 7/17/2024
Comp 3: 2937 Alta Rd. Montgomery AL 36110 sold for $99,000 @ $61/sqft and is a 3/1 1616 sqft on 12/10/2024
Comp 4: 2912 Alta Rd. Montgomery AL 36110 sold for $105,000 @ $76/sqft and is a 3/2 1376 sqft on 4/30/2024
Comp 5: 3709 Lower Wetumpka Rd. Montgomery AL 36110 sold for $65,000 @ $56/sqft and is a 3/1 1151 sqft on 3/5/2024
