3 months on rocket

3701-3743 Wesley Dr, Montgomery, AL, 36111

$1,400,000

Home List Price

$10,000*

Closing Credit

0 Baths
House
Schools Nearby

Location

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3701-3743 Wesley Dr, Montgomery$1,400,000

Buyer Closing Credits

$10,000*

1.25% Loan Amount

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Contact Us Phone Number1 (855) 200-2001

Property Highlights

Home TypeOther
ParkingConcrete, Driveway
Year Built1963
HeatingCentral, Electric, Natural Gas
CoolingCentral Air, Electric
MLS #550257
StatusActive

About 3701-3743 Wesley Dr

INVESTORS DREAM!!! Great 22-unit apartment building with huge upside potential. 15 of 22 units have been fully renovated and have tenants in them. There remains seven units to be remodeled. This is a great investment. All 1 Bedroom units are 900+ square feet and the 2 Bedroom apartments are 1000+ Sq/Ft with large patio/balconies. There is an incredible courtyard out back offering residents a place to rest and relax among nature. Two of the members of the company who owns the property are licensed Alabama and Georgia real estate agents There are three 1 bedroom 1 bath units, all have been renovated. There are fifteen 2 bedroom 1 bath units, all but three have been renovated. There are four 2 bedroom 2 bath units that have yet to be renovated. Owner pays water and trash ($27/can) as well as the electricity for the outdoor lights. Potential monthly gross income for the 1 bdrm 1 bath units is $675 x 3 units=$2025, $875 x 15 units is $13125 and $950 x 4 =$3800. Therefore, the total potential gross monthly rental income is $18,950 or $227,400 annually.

Property Details

Property Features

Property Information:

  • Architectural Style: Two Story
  • Year Built: 1963
  • Stories: 2

Listing Office:

  • Office Name: KW Montgomery
  • Office Phone: (334) 277-8920
  • Listing Agent: Jasmine M. Robinson

Interior Features

Interior Information:

  • Appliances: Electric Cooktop, Electric Oven, Electric Water Heater, Gas Water Heater
  • Flooring Type: Carpet, Vinyl, Wood
  • Interior: Living/Dining Room, Breakfast Bar

Exterior Features

Parking Information:

  • Parking: Concrete, Driveway

Lot Features

Lot Information:

  • Lot: City Lot

Utilities

Utilities Information:

  • Heating: Central, Electric, Natural Gas
  • Cooling: Central Air, Electric

School Info

Assigned Schools Information:

  • Lanier Senior High School, Public District Grades 9-12
  • Bellingrath Jr High School, Public District Grades 6-8

Other

Directions Information:

  • Directions: From Norman Bridge Rd, turn on to E Patton Ave. Turn right onto Wesley Dr. Property is on the Left

Price Information

Listing Price Info

Price Summary:

  • List Price: $1,400,000
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Housing Market Comparison

See how this home compares to others in Montgomery, AL.

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Montgomery, AL

City

Med. Sold Price

$174.9K

Med. Price/SqFt

$99

Avg. Days On Market

89

# of Sold Homes

185

3701-3743 Wesley Dr vs Montgomery

105 DAYS ON ROCKET

+16 Days

$1,400,000

+$1.2M More

KEY TAKEAWAY

This property is $1.2M more than the Median Sold Price in Montgomery, AL.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: MAAOR
  • MLS Number: #550257

Listing Office:

  • Office Name: KW Montgomery
  • Office Phone: (334) 277-8920
  • Listing Agent: Jasmine M. Robinson

IDX Listing Information Copyright 2024 Multiple Listing Service, Inc. of Montgomery Area Association of REALTORS®, Inc. All rights reserved. Information herein is believed to be accurate and timely, but no warranty as such is expressed or implied. The information being provided is for consumers personal, non-commercial use and will not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data relating to real estate for sale on this web site comes in part from the IDX Program of the Multiple Listing Service, Inc. of Montgomery Area Association of REALTORS® Inc. Real estate listings held by brokerage firms other than this broker are governed by MLS Rules and Regulations and detailed information about them includes the name of the listing companies. Equal Housing
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 4/27/2024, 11:25:15 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

We're sorry, we currently don't have sales or tax history data for this listing.

Payment Calculator

$7,055

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$4,264

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Middle School

school-card-donut-1192687
1
/10

  • Bellingrath Jr High School

  • 3350 S Court St

  • 1.55 miles

  • Public District Grades 6-8

High School

school-card-donut-1192688
1
/10

  • Lanier Senior High School

  • 1756 S Court St

  • 2.08 miles

  • Public District Grades 9-12

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $37,344. The majority of Montgomery, AL residents have income between $35k-100k annually. Residents typically live in single, no kids family. Residents of this area typically have high school diploma education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 3701-3743 Wesley Dr

What is the listing price of this property?

The listing price of 3701-3743 Wesley Dr property is $1,400,000.

What type of property is this?

The property 3701-3743 Wesley Dr is a house located in Montgomery, Alabama, 36111.

Is this property for sale now?

Active Listing: 3701-3743 Wesley Dr is For Sale (Active/New) which means the seller is accepting offers.

What are the assigned schools for this property?

The assigned schools for 3701-3743 Wesley Dr are:
Bellingrath Jr High School: GreatSchools Rating 1/10
Lanier Senior High School: GreatSchools Rating 1/10

Which year was this property built?

The year of construction for 3701-3743 Wesley Dr is 1963.

Rocket Homes›Alabama›Montgomery County›Montgomery›36111›3701-3743 Wesley Dr

This home is located at 3701-3743 Wesley Dr in Montgomery, AL and zip code 36111. This home was built in 1963. It has been listed on Rocket Homes since January 12, 2024 and is currently priced at $1,400,000.

Montgomery, AL housing market in March 2024 saw over 30 listings sold above listed price, more than 56 sold at listed price and over 99 sold below. The number of homes for sale in Montgomery, AL increased by 9.8% between February 2024 and March 2024. In March 2024, listings were on the market for 89 days. During the same period, the median list price in this real estate market was $174,983.

From Rocket Homes Real Estate and based on county public records data.

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