3 months on rocket

3701 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 Wesley Dr, Montgomery$1,400,000

Buyer Closing Credits

$10,000*

1.25% Loan Amount

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Property Highlights

Home TypeOther
ParkingParking Lot
Year Built1963
HeatingCentral
CoolingCentral Air, Electric
WaterfrontNone
ViewCity, Trees/Woods
MLS #7326558
Lot Size1.55 Acres
StatusActive

About 3701 Wesley Dr

INVESTORS DREAM!!! 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:

  • Year Built: 1963

Listing Office:

  • Office Name: Keller Williams Buckhead
  • Listing Agent: Jaquon Robinson

Interior Features

Interior Information:

  • Flooring Type: Carpet, Ceramic Tile, Hardwood

Exterior Features

Exterior Information:

  • Private Pool: No
  • Waterfront: None
  • View: City, Trees/Woods

Parking Information:

  • Attached Garage: No
  • Parking: Parking Lot

Lot Features

Lot Information:

  • Lot: Level
  • Lot Size: 1.55 Acres

Utilities

Utilities Information:

  • Heating: Central
  • 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

Tax Information:

  • Annual Amount: $4,512
  • Tax Year: 2020
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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 Wesley Dr vs Montgomery

99 DAYS ON ROCKET

+10 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: First Multiple Listing Service
  • MLS Number: #7326558

Listing Office:

  • Office Name: Keller Williams Buckhead
  • Listing Agent: Jaquon Robinson

IDX Listings identified with the FMLS IDX logo come from FMLS and are held by brokerage firms other than the owner of this website. The listing brokerage is identified in any listing details. Information is deemed reliable but is not guaranteed.

If you believe any FMLS listing contains material that infringes your copyrighted work please Click Here to review our DMCA and learn how to submit a takedown request. Information is deemed reliable but is not guaranteed. © 2024 First Multiple Listing Service, Inc.
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, 7:25:14 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

Sep 12, 2018Home Sold
$210,000

Tax History

YEARPROP. TAXASSESSMENT
2020$4,512$135,880
2019$1,861$51,000
2018$2,873$78,700
2017$2,873$78,700

History based on county public records data.

Payment Calculator

$7,055

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$4,264

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-1561468
1
/10

  • Bellingrath Jr High School

  • 3350 S Court St

  • 1.36 miles

  • Public District Grades 6-8

High School

school-card-donut-1561469
1
/10

  • Lanier Senior High School

  • 1756 S Court St

  • 1.84 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. Most Montgomery, AL residents have annual incomes between $35k-100k. Typical family type is single, no kids. Residents of this area typically have high school diploma education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 3701 Wesley Dr

What is the listing price of this property?

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

What type of property is this?

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

Is this property for sale now?

Active Listing: 3701 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 Wesley Dr are:
Bellingrath Jr High School: GreatSchools Rating 1/10
Lanier Senior High School: GreatSchools Rating 1/10

What is the annual property tax for this property?

According to the records, the last property tax for 2020 is $4,512 (source: MLS/based on county public records data).

When was this property sold last time and for how much?

The last sale was on September 12, 2018 for $210,000. (source: MLS/tax record).

Which year was this property built?

The year of construction for 3701 Wesley Dr is 1963.

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

This home is located at 3701 Wesley Dr in Montgomery, AL and zip code 36111. This home, which was built in 1963, sits on a 1.55 acre lot. It has been listed on Rocket Homes since January 19, 2024 and is currently priced at $1,400,000.

In March 2024, from all listings sold in Montgomery, AL there were more than 30 sold above asking price, over 99 sold below and more than 56 were sold right at the asked price. The inventory of homes for sale in Montgomery, AL between February 2024 and March 2024 increased by 9.8%. In March 2024 median list price was $174,983 and the average listing age was 89 days.

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

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