Prime Cloverdale Investment Opportunity and Prime LOCATION! This Classic Brick Two-Unit Multifamily Home sits in the heart of Historic Cloverdale, one of Montgomery’s most charming and sought-after neighborhoods. Each spacious apartment features Hardwood Floors, Central Heating and Air, a Water Heater, and Washer/Dryer hookups. New Roof in 2020. The units boast Large Living Rooms and Unit 3141 has a Dining Room. Both units provide comfortable layouts and timeless character. The property offers attic space for storage, large yard and ample off-street parking. This rental property is in-demand—vacancies rarely exceed 1.5 months! Current Gross Annual Income: $24,450 (based on current annual leases), Pro Forma Cap Rate over 6% (based on current market rents). This property is within walking distance to Cloverdale Road Park, several popular local restaurants and a short drive to Huntingdon College, ASU, State Capitol and Maxwell AFB. Whether you’re looking for a turnkey investment or envision converting this beauty into a single-family residence, opportunities like this don’t come along often!
For sale
$242,500
3141 Lebron Rd, Montgomery, AL 36106
3beds
2baths
--sqft
Est.:
Multi Family
Built in 1930
-- sqft lot
$-- Zestimate®
$--/sqft
$-- HOA
What's special
Water heaterDining roomAmple off-street parkingCentral heating and airHardwood floorsLarge yard
- 4 days |
- 254 |
- 12 |
Likely to sell faster than
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