1532 Winona Avenue, Montgomery, AL 36107
- $320,500
- 2
- BD
- 1
- BA
- 4,214
- SqFt
- List Price
- $320,500
- Status
- ACTIVE
- Days on Market
- 164
- Price Change
- ▼ $2,000 1773732510
- MLS#
- 584247
- Subtype
- Residential
- Style
- Two Story
- Architectural Style
- Two Story
- Year Built
- 1940
- Bedrooms
- 2
- Bathrooms
- 1
- Full Baths
- 1
- Living Area
- 4,214
- Acres
- 0.36
- Subdivision
- Hillcrest
- Neighborhood
- Hillcrest
- MLS Area Major
- MONT-SW Mont/Regional Airport
Property Description
Excellent investment opportunity featuring a 6-unit multifamily property totaling approximately 5,400 sq ft, with each unit offering 2 bedrooms and 1 bathroom—for a total of 12 bedrooms and 6 bathrooms. Four units are currently occupied with yearly leases in place and are in good condition, providing immediate, stable income, while two units are vacant—one rent-ready with light improvements and the other needing additional updates, creating strong value-add potential. Current rental rates range from $525 to $800 per month, leaving room for increased cash flow with renovations and rent adjustments. Conveniently located near Alabama State University, Gunter Annex, Montgomery Zoo & Mann Wildlife Learning Museum, Oak Park, Downtown Montgomery (including Riverfront Park, restaurants, and entertainment), and Baptist Medical Center South, as well as local grocery stores and convenience markets, this property creates strong rental appeal and long-term upside in a great rental market.
Additional Information
- Exterior Features
- Balcony, Porch, Patio
- Taxes
- $1,500
- HOA Fee
- $10
- Property Description
- Two Story
- Flooring
- Wood
- Appliances
- Water Heater, Washer
- Air Conditioning
- None
- Stories
- 2
- Levels
- Two
- Pool Type
- None
- Parking Features
- None
- Elementary School
- Morningview Elementary School
- Middle School
- Capitol Heights Middle School,
- High School
- Montgomery Preparatory Academy for Career Technolo
Mortgage Calculator
Listing courtesy of Beycome Brokerage Realty LLC..