1 year on rocket

613-619 Watts St, Montgomery, AL, 36104

$559,900

Home List Price

$6,649*

Closing Credit

0 Baths
House
Schools Nearby

Location

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613-619 Watts St, Montgomery$559,900

Buyer Closing Credits

$6,649*

1.25% Loan Amount

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Property Highlights

Home TypeOther
ParkingAsphalt, Driveway
Year Built1950
HeatingWall Furnace
CoolingNone
MLS #523942
StatusActive

About 613-619 Watts St

A diamond in the rough multi-family investment opportunity! This 16-unit concrete block apartment complex is a total rehab but has the potential to bring in $950 per unit after the apartments are fixed up. The current owner has started the renovation by installing a brand new architectural shingled roof and replacing all the rotten fascia. The after repaired value of the complex is estimated to be approximately $1.1 million. Pro-forma rents are $182,400 per year at $950/month. The complex would be a perfect student housing complex as it is located within walking distance to a 4-year University. The complex is also located within minutes of the many historical attractions in Montgomery including the nationally acclaimed Equal Justice and Freedom Museum and Monument and the $90 million white water adventure park. Montgomery was named the #1 historical city in the United States by USA Today in 2014 and was listed on the NY Times list of "50 places you must visit before you die." Come experience the southern hospitality of Montgomery and attractive investment opportunities as Alabama has the lowest property taxes in the continental U.S. As an extra tax incentive the complex is in an opportunity zone.

Property Details

Property Features

Property Information:

  • Architectural Style: Two Story
  • Year Built: 1950
  • Stories: 2

Listing Office:

  • Office Name: David Herman Realty
  • Office Phone: (334) 207-2464
  • Listing Agent: David Herman

Interior Features

Interior Information:

  • Appliances: Electric Water Heater
  • Flooring Type: Tile
  • Interior: Eat-in Kitchen

Exterior Features

Parking Information:

  • Parking: Asphalt, Driveway

Lot Features

Lot Information:

  • Lot: City Lot

Utilities

Utilities Information:

  • Heating: Wall Furnace
  • Cooling: None

School Info

Assigned Schools Information:

  • Lee High School, Public District Grades 9-12
  • Capitol Heights Jr High School, Public District Grades 6-8
  • Highland Avenue Elementary School, Public District Grades KG-5

Other

Directions Information:

  • Directions: From I-85 North take the Union Street Exit and turn right on Union Street and then right on High Street and then right on Watts.

Price Information

Listing Price Info

Price Summary:

  • List Price: $559,900
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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

$174.4K

Med. Price/SqFt

$100

Avg. Days On Market

80

# of Sold Homes

186

613-619 Watts St vs Montgomery

615 DAYS ON ROCKET

+535 Days

$559,900

+$385.4K More

KEY TAKEAWAY

This property is $385.4K 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: #523942

Listing Office:

  • Office Name: David Herman Realty
  • Office Phone: (334) 207-2464
  • Listing Agent: David Herman

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: 5/1/2024, 10:25:15 PM 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.

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Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

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NMLS#3030

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.

Elementary School

school-card-donut-4406384
1
/10

  • Highland Avenue Elementary School

  • 2024 Highland Ave

  • 0.78 miles

  • Public District Grades KG-5

Middle School

school-card-donut-4406385
1
/10

  • Capitol Heights Jr High School

  • 116 Federal Dr

  • 1.62 miles

  • Public District Grades 6-8

High School

school-card-donut-4406386
1
/10

  • Lee High School

  • 225 Ann St

  • 1.44 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 $22,770. The majority of Montgomery, AL residents have income less than $35k annually. Residents typically live in single, no kids family. Typical level of education for residents in this area is high school diploma.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 613-619 Watts St

What is the listing price of this property?

The listing price of 613-619 Watts St property is $559,900.

What type of property is this?

The property 613-619 Watts St is a house located in Montgomery, Alabama, 36104.

Is this property for sale now?

Active Listing: 613-619 Watts St is For Sale (Active/New) which means the seller is accepting offers.

What are the assigned schools for this property?

The assigned schools for 613-619 Watts St are:
Highland Avenue Elementary School: GreatSchools Rating 1/10
Capitol Heights Jr High School: GreatSchools Rating 1/10
Lee High School: GreatSchools Rating 1/10

Which year was this property built?

The year of construction for 613-619 Watts St is 1950.

Rocket Homes›Alabama›Montgomery County›Montgomery›36104›613-619 Watts St

This home is located at 613-619 Watts St in Montgomery, AL and zip code 36104. This home was built in 1950. It has been listed on Rocket Homes since August 25, 2022 and is currently priced at $559,900.

In April 2024, from all listings sold in Montgomery, AL there were more than 29 sold above asking price, over 103 sold below and more than 54 were sold right at the asked price. The number of homes for sale in Montgomery, AL increased by 5.9% between March 2024 and April 2024. The median list price of listings available in April 2024 was $174,493, while the average time on the real estate market was 80 days.

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

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