307 DAMAN Drive, Montgomery, AL 36108
- $140,000
- 3
- BD
- 2
- BA
- 1,441
- SqFt
- List Price
- $140,000
- Status
- ACTIVE
- Days on Market
- 7
- MLS#
- 589220
- Subtype
- Residential
- Style
- One Story
- Architectural Style
- One Story
- Year Built
- 1969
- Bedrooms
- 3
- Bathrooms
- 2
- Full Baths
- 2
- Living Area
- 1,441
- Acres
- 0.19
- Subdivision
- Southlawn
- Neighborhood
- Southlawn
- MLS Area Major
- MONT-SW Mont/Regional Airport
Property Description
TURNKEY CASH-FLOWING ASSET | MHA TENANT AT $1,300/MO | MAJOR EMPLOYMENT CORRIDOR Instant gross cash flow from day one! This 3 BR / 2 BA single-story brick home (1,441 sqft) comes fully tenant-occupied at $1,300/month backed by MHA (Montgomery Housing Authority). Situated on a quiet street in Southlawn, this low-maintenance slab-foundation home featuring interior updates—including laminate flooring, open living layout, and modern appliances—offers an exceptional, hands-off add to any real estate portfolio. Strategic Industrial & Tech Hub Location: Perfectly positioned just minutes from Montgomery Regional Airport (MGM), Hyundai Motor Manufacturing, Amazon Fulfillment Center, FedEx Freight, and I-65. Even better: it sits directly in the growth shadow of Meta’s new $1.5B+ Data Center campus currently under construction/expansion, bringing thousands of trade workers and long-term tech jobs to the immediate submarket. Tenant Draw & Convenience: Blocks from Southlawn Elementary and Middle Schools, family care clinics, and a quick 10-minute commute to Downtown Montgomery. Low annual property taxes ($440/yr) maximize net operating income. Do not miss this high-performing income generator. 307 Daman Dr (Subject Property): Tax Assessed at $100,100. Automated Valuation Models (AVMs) estimate value between $130,000 – $140,000. 423 Daman Dr: 3 BD / 2 BA (1,460 sq ft) – Sold for $120,000 377 Green Leaf Dr: 3 BD / 2 BA (1,792 sq ft) – Sold for ~$125,000–$135,000+ 308 Upton Rd: 3 BD / 2 BA (1,301 sq ft) – Sold recently in the $95k–$110k range
Additional Information
- Interior Features
- Window Treatments
- Exterior Features
- Covered Patio, Fully Fenced, Outdoor Grill, Patio, Storage
- Property Description
- One Story
- Flooring
- Vinyl
- Appliances
- Dishwasher, Gas Range, Gas Water Heater
- Heating
- Central, Gas
- Air Conditioning
- Central Air, Electric
- Stories
- 1
- Levels
- One
- Pool Type
- None
- Parking Features
- Driveway
- Elementary School
- Southlawn Elementary School
- Middle School
- Southlawn Middle School,
- High School
- Carver Senior High School
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Listing courtesy of The Ville Real Estate.