3729 PRINCETON Road, Montgomery, AL 36111
- $130,000
- 3
- BD
- 2
- BA
- 2,100
- SqFt
- List Price
- $130,000
- Status
- ACTIVE
- Days on Market
- 78
- MLS#
- 588112
- Subtype
- Residential
- Style
- One Story
- Architectural Style
- One Story
- Year Built
- 1956
- Bedrooms
- 3
- Bathrooms
- 2
- Full Baths
- 2
- Living Area
- 2,100
- Acres
- 0.50
- Subdivision
- Normandale Estates
- Neighborhood
- Normandale Estates
- MLS Area Major
- MONT-Central Montgomery/ Cloverdale/ASU
Property Description
Portfolio Valuation vs. Asking Price -Combined Individual Asking Prices: $80k + $60k + $70k + $130k = $340,000 -Bundled Investment Listing Price: $240,000 -Instant Investor Equity: The $240,000 bundle price reflects a $100,000 discount (~29% off) compared to purchasing/valuing the properties individually, giving the buyer immediate built-in equity to cover the repair work on 2429 E 4th street. Property Portfolio Breakdown: -3808 Dilworth Rd (36108) | Twin Gates / West Montgomery Specs: 3 Bed / 1 Bath | 1,040 sq ft Individual List / Val: ~$80,000 Rent Analysis: Current market rent is ~$1,200/mo. Under Section 8 (MHA / HUD Fair Market Rent for 36108), 3-bedroom payment standards range from $1,130 to $1,150/mo. -2412 E. 4th St (36106) | Uplands / Near Huntingdon CollegeSpecs: 3 Bed / 1 Bath | 1,000 sq ft Individual List / Val: ~$60,000 Rent Analysis: Previous rent was $1,000/mo. Under MHA Section 8 voucher standards, 3-bedroom units in 36106 can generate $1,150 – $1,200/mo. -2429 E. 4th St (36106) | Uplands / Near Huntingdon College Specs: 3 Bed / 1 Bath | 988 sq ft Individual List / Val: ~$70,000 Rent Analysis: Rental baseline is $1,100/mo. Section 8 upside supports $1,150 – $1,200/mo. (The Tree-Damaged / Value-Add Property) -3729 Princeton Rd (36111) | Normandale Estates Specs: 3 Bed / 2 Bath | ~2,100 sq ft Individual List / Val: ~$130,000 (As-Is/Fixed-up Comp Value: $150k–$170k+)Rent Analysis: Rents in the immediate area for 3/2 single-family homes run $1,300 to $1,400+/mo upon completion.
Additional Information
- Interior Features
- Skylights, Window Treatments
- Exterior Features
- Covered Patio, Fully Fenced, Storage
- Property Description
- One Story
- Flooring
- Brick, Vinyl, Wood
- Appliances
- Dishwasher, Gas Range, Gas Water Heater, Microwave, Plumbed For Ice Maker, Refrigerator, Self Cleaning Oven, Dryer, Washer
- Heating
- Central, Gas
- Air Conditioning
- Central Air, Ceiling Fan(s), Electric
- Stories
- 1
- Levels
- One
- Roof
- Vented
- Pool Type
- None
- Parking Features
- Attached Carport
- Elementary School
- Bellingrath Middle School
- Middle School
- Bellingrath Middle School,
- High School
- Lanier Senior High School
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Listing courtesy of The Ville Real Estate.