We are selling our assignable purchase contract on the properties below:
1721 Madison Ave Montgomery, AL 36107
1725 Madison Ave Montgomery, AL 36107
1729 Madison Ave Montgomery, AL 36107
Description: 3 properties (5 units total) all next door to each other in the historic Capitol Heights Neighborhood of Montgomery.
Vacancies are due to both occupants passing away from COVID around the Thanksgiving holiday.
All utilities (E/W/G) are paid by the tenant for 1729 Madison, water is not separately metered at 1721 Madison but electric and gas are. No utilities are separated at 1725 Madison but could be if an investor wanted.
There are 2 large storage buildings located in the back and the lots are deep
Nice decks and outdoor spaces that appeal to renters
1721 Madison Ave Repairs: Roof: Good condition. Minor fascia/gutter repair on front HVAC: Age unknown. The previous tenant had window units because of cheaper utilities but there are no known issues with the central AC system Flooring: Replace carpet in the sunroom and bedrooms of the upper unit. The upper unit has hardwood floors throughout that are in great condition. The lower unit has vinyl and carpet in good shape Kitchen:Consider painting the cabinets and replacing the dishwasher in the upper unit. The lower unit is in great shape Bathroom: Replace the toilet in the master bathroom of the upstairs unit. Consider replacing vanity/sink in the lower unit bathroom Windows: Frame repair on 2 windows in the rear. Other windows in good shape Foundation: No apparent issues Other: Features a 2008 water heater as well as a new tankless water heater to ensure enough hot water to both units. Consider painting one bedroom in the upper unit
1725 Madison Ave Repairs: Roof: Good condition. Minor fascia/gutter repair on front HVAC: Age unknown. The previous tenant had window units because of cheaper utilities but there are no known issues with the central AC system Flooring: Replace carpet in the sunroom and bedrooms of the upper unit. The upper unit has hardwood floors throughout that are in great condition. The lower unit has vinyl and carpet in good shape Kitchen:Consider painting the cabinets and replacing the dishwasher in the upper unit. The lower unit is in great shape Bathroom: Replace the toilet in the master bathroom of the upstairs unit. Consider replacing vanity/sink in the lower unit bathroom Windows: Frame repair on 2 windows in the rear. Other windows in good shape Foundation: No apparent issues Other: Features a 2008 water heater as well as a new tankless water heater to ensure enough hot water to both units. Consider painting one bedroom in the upper unit
1729 Madison Ave Repairs: Roof: Architectural shingle in good condition HVAC: AC unit manufactured in December 2014 Flooring: Replace vinyl in kitchen and replace a few tiles in the bathroom floor Kitchen:Replace appliances and paint cabinets Bathroom: Clean and reglaze tile & tub Windows: Good shape Foundation: No apparent issues Other: Consider filling in fountain in backyard with dirt to prevent falling hazard
Flooring: 
