Log In/Sign Up
Your email has been sent.
The Rosa 3701-3743 Wesley Dr 22 Unit Apartment Building $1,446,498 CAD ($65,750 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 | $1,446,498 CAD | Building Class | B |
| Price Per Unit | $65,750 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 | $1,446,498 CAD |
| Price Per Unit | $65,750 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 | $896.30 CAD | - |
| 2+1 | 15 | $1,172 CAD | - |
| 2+2 | 4 | $1,276 CAD | - |
PROPERTY TAXES
| Parcel Number | 10-09-30-4-014-002.000 | Improvements Assessment | $212,576 CAD |
| Land Assessment | $13,376 CAD | Total Assessment | $225,951 CAD |
PROPERTY TAXES
Parcel Number
10-09-30-4-014-002.000
Land Assessment
$13,376 CAD
Improvements Assessment
$212,576 CAD
Total Assessment
$225,951 CAD
1 of 33
VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
Presented by
The Rosa | 3701-3743 Wesley Dr
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.