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Under contract
  • $219,000

    1318 Federal Dr, Montgomery, AL 36107

    6beds
    3baths
    --sqft
    : 
    Multi Family
    Built in 1956
    -- sqft lot
    $-- Zestimate®
    $--/sqft
    $-- HOA

    What's special

    Great Investment Opportunity with Immediate-Solid Cash Flow! This fully occupied duplex generates a steady $2,000/month in gross rental income ($1,100/unit A & $900/unit B) and delivers an impressive 8% cash-on-cash return. Both units are in excellent condition, offering spacious layouts, Unit A 3bd/2ba and Unit B 3bd/1ba, separate entrances, private utility meters, and on-site parking. Updates include newer mechanicals, efficient heating systems, and low-maintenance exteriors - this is truly a turnkey property! Whether you're expanding your rental portfolio or looking to live in one unit and rent the other, this is a rare opportunity in a high-demand rental market. Make this deal your own today! Schedule your personal showing to view this great property.
    27 days
    on Zillow
    |
    311
    |
    22
    |

    Zillow last checked: 7 hours ago

    Listing updated: May 27, 2025 at 04:06pm

    Listed by:

    Cassandra Andrews 334-676-2273,

    CHOSEN Realty, LLC.

    Source: MAAR,MLS#: 576439MLS LogoOriginating MLS: Montgomery Area Association Of Realtors
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    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 6
    • Bathrooms: 3
    Heating
    • Central, Electric
    Cooling
    • Central Air, Electric
    Appliances
    • Included: Gas Water Heater
    Features
    • Breakfast Area
    • Flooring: Carpet, Tile, Wood

    Property

    Features
    • Levels: One
    • Stories: 1
    Lot
    • Features: City Lot
    Details
    • Parcel number: 1002042003004.000

    Construction

    Type & style
    • Home type: MultiFamily
    • Architectural style: One Story
    • Property subtype: Multi Family
    Materials
    • Brick
    • Foundation: Slab
    Condition
    • New construction: No
    • Year built: 1956

    Utilities & green energy

    • Sewer: Public Sewer
    • Water: Public
    • Utilities for property: Cable Available, Electricity Available

    Community & HOA

    Community
    • Subdivision: Montgomery Heights
    HOA
    • Has HOA: No
    Location
    • Region: Montgomery

    Financial & listing details

    • Tax assessed value: $186,700
    • Annual tax amount: $865
    • Date on market: 5/16/2025
    • Listing terms: Cash,Conventional,FHA,VA Loan
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