🏡 Iris Ln: 5/2 Duplex Value-Add Opportunity

This is a 5-bedroom, 2-bath duplex in Montgomery with 1,814 sq ft of living space and strong rental potential. Built in 1967, this property offers a front unit and a back studio setup — ideal for dual rental income or house-hack potential.

The front unit features granite countertops and an HVAC system from 2007 that is working well. The back studio has an updated bathroom in great condition and uses a wall unit for heating and cooling. The roof is metal and was installed approximately 7 years ago.

Most of the work needed is cosmetic and exterior-focused — making this a solid value-add opportunity without major mechanical concerns.

🔑 Property Highlights:

5 Bedrooms / 2 Bathrooms (Duplex Layout)

1,814 Sq Ft

Lot Size: 0.17 Acres

Built: 1967

Metal Roof (approx. 7 years old)

Front HVAC (2007 – working well)

Granite countertops in front unit

Updated bathroom in rear unit

🛠 Renovation Scope:

Fresh interior paint

Replace a few cracked/missing tile pieces

Install siding on back exterior

Replace sections of privacy fence

Add kitchen appliances

Update some light fixtures

This is a strong candidate for investors looking to create two income streams with manageable rehab. Keep finishes rental-grade, tighten up the exterior, and maximize cash flow.

💰 This Property Works Well For:

Buy-and-hold duplex investors

House-hackers

Section 8 / long-term rental investors

Investors looking for higher bedroom count rentals

📲 Contact Lanier at 334-201-0507 to schedule a showing.

Comps/ARV:

Estimated ARV: $115,000-$120,000

Comp 1: 711 Iris Ln sold for $78,000 @ $59/sqft and is a 3/2 1316 sqft on 6/13/2025
Comp 2: 4054 Ardmore Dr sold for $80,000 @ $79/sqft and is a 3/1 1014 sqft on 10/28/2025
Comp 3: 318 Iris Ln sold for $71,000 @ $65/sqft and is a 3/1 1085 sqft on 3/4/2025
Comp 4: 725 Inwood sold for $121,000 @ $63/sqft and is a 3/3 1914 sqft on 2/10/2026
Comp 5: 713 W Patton sold for $65,000 @ $62/sqft and is a 3/1 1044 sqft on 12/18/2025