Cash Cow in Cloverdale
Asking $250,000 or best offer for both
We are selling our assignable purchase contract on the properties below. We prefer selling both properties as a package deal, however, these properties can be purchased individually at the prices below:
3441 Wellington Rd
Montgomery, AL 36106
3238 Wellington Rd
Montgomery, AL 36106 |
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3441 Wellington Rd, Montgomery, AL 36106
Asking $100,000 or best offer
Details:
- Duplex. Upstairs is a 2bd/1ba and downstairs is a 2bd/1ba with 2,160 sqft total
- One unit is rented for $775. The other unit is vacant and needs renovations
- Closing on or before 3/11/2022
- Market Rent: $1,650/month
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ARV is $225,000 based on the following comps:
- 3260 Lexington Rd is a Duplex with 3,767 sqft, Pending at $222,000 (Very dated and needs repairs)
- 3225 Lebron is a 4-plex with 1,153 sqft that sold for $300,000 in April 2021
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Repairs:
 Roof: Architectural Shingles, 5-15 years old
HVAC: Yes, 2 systems that are each 5-10 years old
Flooring: Consider replacing flooring throughout most of the home
Kitchen: Buyer to inspect
Bathroom: Buyer to inspect
Windows: Original wood
Foundation: Has some settling
Other: Downstairs unit needs repairs
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3238 Wellington Rd, Montgomery, AL 36106
Asking $150,000 or best offer
Details:
- Duplex with 3bd/2.5ba unit and 2bd/1.5ba unit with 2,552 sqft total
- 3 bedroom unit is rented for $800/mo and 2 bedroom unit is rented for $795/mo
- Closing on or before 3/11/2022
- Market Rent: $1,800/month
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ARV is $225,000 based on the following comps:
- 3260 Lexington Rd is a Duplex with 3,767 sqft, Pending at $222,000 (Very dated and needs repairs)
- 3225 Lebron is a 4-plex with 1,153 sqft that sold for $300,000 in April 2021
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Repairs:
Roof: 3-tab, 10+ Years old
HVAC: 2 Central units. Both 5-15 years old
Flooring: Consider replacing flooring throughout most of the home
Kitchen: In good condition
Bathroom: Both bathrooms are in good shape
Windows: Original Wood
Foundation: Has some settling
Other: Buyer to inspect
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To submit an offer or set up a viewing please contact Eric at 334-319-8613 or email [email protected]
Our deals move fast. If you would like to lock the property up, we do accept sight-unseen, no-contingency cash offers.
Must close with Garry S McAnnally (Montgomery office)
$2,500 earnest money check required for all buyers.
Realtors, add your fee (whatever you like) and bring us a buyer!
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Flooring: 
