643 EMERSON Street, Montgomery, AL 36108
- $29,900
- 2
- BD
- 1
- BA
- 864
- SqFt
- List Price
- $29,900
- Status
- ACTIVE
- Days on Market
- 5
- MLS#
- 589238
- Subtype
- Residential
- Style
- One Story
- Architectural Style
- One Story
- Year Built
- 1950
- Bedrooms
- 2
- Bathrooms
- 1
- Full Baths
- 1
- Living Area
- 864
- Acres
- 0.12
- Subdivision
- Peacock
- Neighborhood
- Peacock
- MLS Area Major
- MONT-SW Mont/Regional Airport
Property Description
Tenant-occupied 1BR/1BA investment property generating $550/month in rental income. The home is in good condition and requires minimal maintenance, making it an excellent buy-and-hold opportunity. Start collecting rent from day one while building long-term wealth through consistent cash flow. Affordable, income-producing properties like this are hard to find. This is an equitable interest listing where seller is selling only an option contract or assigning an interest in a contract, such as a purchase and sale agreement or a contract for deed. In this situation, the seller does not have legal title to the property, but the equitable interest gives seller the right to acquire legal title. Long term tenant in place paying $550 a month.
Additional Information
- Interior Features
- Workshop, Window Treatments
- Exterior Features
- Fully Fenced, Storage
- Property Description
- One Story
- Flooring
- Carpet, Vinyl
- Appliances
- Convection Oven, Dishwasher, Gas Range, Gas Water Heater, Microwave, Refrigerator, Dryer, Washer
- Heating
- Space Heater
- Air Conditioning
- Window Unit(s)
- Stories
- 1
- Levels
- One
- Pool Type
- None
- Parking Features
- Driveway
- Elementary School
- Nixon Elementary School
- Middle School
- Bellingrath Middle School,
- High School
- Lanier Senior High School
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Listing courtesy of Harris And Atkins Real Estate.