21 days on rocket

3701-3743 Wesley Dr, Montgomery, AL, 36111

$1,199,000

Home List Price

$10,000*

Closing Credit

0 Baths
House

Location

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3701-3743 Wesley Dr, Montgomery$1,199,000

Buyer Closing Credits

$10,000*

1.25% Loan Amount

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Property Highlights

Home TypeOther
ParkingConcrete, Driveway
Year Built1963
HeatingCentral, Electric, Natural Gas
CoolingCentral Air, Electric
MLS #566585
StatusActive

About 3701-3743 Wesley Dr

INVESTORS DREAM!!! Great 22-unit apartment building with huge upside potential. 17 of 22 units have been fully renovated and have tenants in them. There remains seven units to be remodeled. This is a great investment. All 1 Bedroom units are 900+ square feet and the 2 Bedroom apartments are 1000+ Sq/Ft with large patio/balconies. There is an incredible courtyard out back offering residents a place to rest and relax among nature. Two of the members of the company who owns the property are licensed Alabama and Georgia real estate agents There are three 1 bedroom 1 bath units, all have been renovated. There are fifteen 2 bedroom 1 bath units, all but three have been renovated. There are four 2 bedroom 2 bath units, all but two have been renovated. Owner pays water and trash ($27/can) as well as the electricity for the outdoor lights. Potential monthly gross income for the 1 bedroom 1 bath units is $675 x 3 units=$2,025, $875 x 15 units is $13,125 and $925 x 4 units =$3700. Therefore, the total potential gross monthly rental income is $18,850 or $226,200 annually.

Property Details

Property Features

Property Information:

  • Architectural Style: Two Story
  • Year Built: 1963
  • Stories: 2

Listing Office:

  • Office Name: KW Montgomery
  • Office Phone: (334) 277-8920
  • Listing Agent: Jaquon Robinson

Interior Features

Interior Information:

  • Appliances: Electric Cooktop, Electric Oven, Electric Water Heater, Gas Water Heater
  • Flooring Type: Carpet, Vinyl, Wood
  • Interior: Living/Dining Room, Breakfast Bar

Exterior Features

Parking Information:

  • Parking: Concrete, Driveway

Lot Features

Lot Information:

  • Lot: City Lot

Utilities

Utilities Information:

  • Heating: Central, Electric, Natural Gas
  • Cooling: Central Air, Electric

Other

Directions Information:

  • Directions: From Norman Bridge Rd, turn on to E Patton Ave. Turn right onto Wesley Dr. Property is on the Left

Price Information

Listing Price Info

Price Summary:

  • List Price: $1,199,000
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Housing Market Comparison

See how this home compares to others in Montgomery, AL.

Med. Sold Price

$180K

Med. Price/SqFt

$103

Avg. Days On Market

74

# of Sold Homes

168

3701-3743 Wesley Dr vs Montgomery

21 DAYS ON ROCKET

-53 Days

$1,199,000

+$1.0M More

KEY TAKEAWAY

This property is $1.0M 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: #566585

Listing Office:

  • Office Name: KW Montgomery
  • Office Phone: (334) 277-8920
  • Listing Agent: Jaquon Robinson

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: 12/18/2024, 10:20:52 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.

Payment Calculator

$6,052

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$3,661

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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.

Nearby Schools

school-card-donut-108811
1
/10
  • Johnson Elementary School

  • 4550 Narrow Lane Rd

  • 1.10 miles

  • Public District Grades KG-5

school-card-donut-108812
1
/10
  • Davis Elementary School

  • 3605 Rosa Parks Dr

  • 1.40 miles

  • Public District Grades KG-5

school-card-donut-108813
10
/10
  • Bear Exploration Center

  • 2525 Churchill Dr

  • 1.62 miles

  • Public Magnet Grades KG-5

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $37,344. The majority of Montgomery, AL residents have income between $35k-100k annually. Typical family type is single, no kids. Residents of this area typically have high school diploma education.

All data provided by Home Junction and Claritas

Living In Montgomery, AL

Content displayed has been generated by an AI model trained on a diverse range of data. While efforts have been made to ensure the quality and reliability of the content, there may be limitations or inaccuracies. The content should not be considered as a substitute for professional advice, and we recommend consulting with appropriate experts and independent sources for specific information or guidance. We assume no responsibility for any consequences arising from the use of this content.

What type of housing is available in Montgomery, AL?

Montgomery's housing market offers a diverse array of options, with single-family homes being particularly prevalent. Architectural styles in the area range from historic antebellum homes to contemporary constructions, reflecting the city's rich history and modern growth. The market is characterized by a mix of older homes dating back to the early 20th century, alongside newer developments that have expanded the city's residential landscape. The homeownership rate in Montgomery is robust, with a significant portion of residents investing in their own homes, while a competitive rental market caters to those preferring to rent.

Is Montgomery, AL a good place to live?

Montgomery prides itself on its deep historical roots and vibrant cultural scene. The city is celebrated for its significant role in the civil rights movement, with landmarks and museums commemorating this pivotal period in American history. The community enjoys a variety of annual events and festivals that showcase local arts, music, and cuisine, contributing to a strong sense of identity and pride among residents.

Are things conveniently located in Montgomery, AL?

The community is served by a comprehensive network of services, including numerous public and private schools that offer a range of educational programs. Montgomery is home to several higher education institutions, adding to the educational depth of the city. Healthcare is well-facilitated, with major hospitals providing a spectrum of services from emergency care to specialized treatments. The city's public library system is extensive, supporting lifelong learning and community engagement. Retail and dining options abound, with an emphasis on local flavors and products, reflecting the city's Southern charm and culinary heritage.

What does the transportation in Montgomery, AL look like?

Montgomery's transportation infrastructure supports both private and public transit options. The city's bus system, known as The M, operates across multiple routes, facilitating access to key areas within the city. Ride-sharing services are readily available, providing convenient alternatives to traditional transit. While the city is designed to accommodate vehicle traffic, efforts have been made to improve walkability in certain districts, particularly in the downtown area. Major highways, such as Interstate 65 and Interstate 85, intersect in Montgomery, making it a hub for regional travel and commerce.

Frequently Asked Questions About 3701-3743 Wesley Dr

What is the listing price of this property?

The listing price of 3701-3743 Wesley Dr property is $1,199,000.

What type of property is this?

The property 3701-3743 Wesley Dr is a house located in Montgomery, Alabama, 36111.

Is this property for sale now?

Active Listing: 3701-3743 Wesley Dr is For Sale (Active/New) which means the seller is accepting offers.

Which year was this property built?

The year of construction for 3701-3743 Wesley Dr is 1963.

Rocket Homes›Alabama›Montgomery County›Montgomery›36111›3701-3743 Wesley Dr

This home is located at 3701-3743 Wesley Dr in Montgomery, AL and zip code 36111. This home was built in 1963. It has been listed on Rocket Homes since November 27, 2024 and is currently priced at $1,199,000.

Over 23 listings were sold over their listed price in November 2024 in Montgomery, AL. In the same period over 95 listings were sold below the listed price and 50 listings were sold for the listed price. In November 2024 in Montgomery, AL there were 0.2% less homes for sale than in October 2024. The median list price of listings available in November 2024 was $180,000, while the average time on the real estate market was 74 days.

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

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