2508 Cherry Street, Montgomery, AL, USA

Montgomery County, Montgomery, AL, 36107
Sold
Listed at: July 12th, 2021
Price
$28,000
ARV
$80,000
Gross Margin
$52,000
Sq. Footage
1454
Type
Single-Family
Parking
Driveway
Year build
1945
Lot size
0.18 acres
Bedrooms
2
Bathrooms
1
Half Bathrooms
0
Summary

Average condition, Tenant occupied. Same tenants for 11 yrs. The seller did not increase rents and is currently being rented for $425 a month.


Nice primary home or could be an income-producing investment property. 


The location is ideal as it is in the heart of midtown Montgomery and close to a hospital, shopping, and a 5-minute drive to the interstate. Great Investment property. Needs some love but not too far off.


Appears to be a moisture problem in the bathroom, paint is peeling off on the walls and ceiling. No AC units, just window units. Water damage on the ceiling in the living room. The roof has had repairs to stop the continued leaks. Sitting water under the house. The plumber told the renter it was a pipe issue and not rainwater




Street View
Location
current deal
comparables
#2
available
$123k
sold
$99k
Bedrooms
Bathrooms
Sq. footage
Deals nearby
Available
Sold
Contact

Becky Fields

No reviews

Disposition manager