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The Rosa 3701-3743 Wesley Dr 22 Unit Apartment Building $1,415,028 CAD ($64,319 CAD/Unit) Montgomery, AL 36111
Investment Highlights
- Stabilized Rent
- Opportunity Zone Benefits
- Large Value Add Potential
Executive Summary
Send all correspondence to therobinsonrealtyco@gmail.com or call 334-625-0668!
This exceptional 22-unit apartment building offers tremendous upside potential. Fifteen of the twenty-two units have been fully renovated and are currently tenant-occupied, two are under current renovation and being marketed to renters, leaving five units ready for remodeling—an excellent opportunity to increase value and cash flow.
Each unit ranges from 900 to 1,000 square feet and features spacious patios or balconies. Residents also enjoy access to a beautifully landscaped courtyard, providing a peaceful outdoor retreat.
Major opportunity to increase value of asset, due to the large unit sizes 900 & 1,000 square ft, an additional bedroom could be added.
Units are currently below market rent based on the Montgomery Housing Authority last updates
Current maximum allowed rental amounts:
1 Br up to $932
2 Br up to $1108
3 Br up to $1432
Located in Opportunity Zone providing additional tax incentives.
Three members of the ownership company are licensed real estate agents.
This exceptional 22-unit apartment building offers tremendous upside potential. Fifteen of the twenty-two units have been fully renovated and are currently tenant-occupied, two are under current renovation and being marketed to renters, leaving five units ready for remodeling—an excellent opportunity to increase value and cash flow.
Each unit ranges from 900 to 1,000 square feet and features spacious patios or balconies. Residents also enjoy access to a beautifully landscaped courtyard, providing a peaceful outdoor retreat.
Major opportunity to increase value of asset, due to the large unit sizes 900 & 1,000 square ft, an additional bedroom could be added.
Units are currently below market rent based on the Montgomery Housing Authority last updates
Current maximum allowed rental amounts:
1 Br up to $932
2 Br up to $1108
3 Br up to $1432
Located in Opportunity Zone providing additional tax incentives.
Three members of the ownership company are licensed real estate agents.
Property Facts
| Price | $1,415,028 CAD | Building Class | B |
| Price Per Unit | $64,319 CAD | Lot Size | 1.55 AC |
| Sale Type | Investment | Building Size | 26,332 SF |
| No. Units | 22 | Average Occupancy | 72% |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built/Renovated | 1963/2021 |
| Apartment Style | Garden | Opportunity Zone |
Yes
|
| Zoning | R-75-M - Residential | ||
| Price | $1,415,028 CAD |
| Price Per Unit | $64,319 CAD |
| Sale Type | Investment |
| No. Units | 22 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | B |
| Lot Size | 1.55 AC |
| Building Size | 26,332 SF |
| Average Occupancy | 72% |
| No. Stories | 2 |
| Year Built/Renovated | 1963/2021 |
| Opportunity Zone |
Yes |
| Zoning | R-75-M - Residential |
Amenities
Unit Amenities
- Air Conditioning
- Balcony
- Cable Ready
- Heating
- Kitchen
- Hardwood Floors
- Refrigerator
- Carpet
- Large Bedrooms
Site Amenities
- 24 Hour Access
- Courtyard
- Picnic Area
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 3 | $876.80 CAD | - |
| 2+1 | 15 | $1,147 CAD | - |
| 2+2 | 4 | $1,248 CAD | - |
Property Taxes
| Parcel Number | 10-09-30-4-014-002.000 | Improvements Assessment | $213,915 CAD |
| Land Assessment | $13,460 CAD | Total Assessment | $227,375 CAD |
Property Taxes
Parcel Number
10-09-30-4-014-002.000
Land Assessment
$13,460 CAD
Improvements Assessment
$213,915 CAD
Total Assessment
$227,375 CAD
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The Rosa | 3701-3743 Wesley Dr
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