$242,500

3141 Le Bron Road, Montgomery, AL 36106

Multi-Family Home
Built in 1930
—— sqft lot
—— car garage
$——/sqft
Listed 1 month ago

Property Description

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!

Listing Status:: Active
Listing Office:: IronGate Real Estate : 334-425-7835
Listing Agent:: Emily Taylor : 334-425-7835
MLS ID:: 580907

General: Separate/Formal Dining Room
Appliances: Electric RangeGas RangeGas Water HeaterMicrowave Hood FanMicrowaveRefrigerator
Flooring: TileWood
A/C: Central AirCeiling Fan(s)Electric
Heating: CentralGas

Style: One Story
Pool: None
Parking: DrivewayParking Pad

General: Brick1

Originating MLS: MAAOR_MAAR
County: Montgomery

Zoning: MONGTY10-04-19-4-011-006.000

Utilities: Cable AvailableElectricity AvailableNatural Gas Available
Water: Public
Sewer: Public Sewer

Source: MAAOR_MAAR

This listing courtesy of Emily Taylor, IronGate Real Estate

Monthly Payment

$Est. Payment

Principal & Interest $
Property Taxes $
Home Insurance $
VA Funding Fee $

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Location

Schools Nearby

Forest Avenue Elementary School

1700 W 5th St, Montgomery, AL, 36106

Grades KG-5

0.90 miles away

Floyd Middle School

3444 Le Bron Rd, Montgomery, AL, 36111

Grades 6-8

0.60 miles away

Lanier High School

1756 S Court St, Montgomery, AL, 36104

Grades 9-12

1.04 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.