1805 POLLY REED COURT Center Point, AL 35215

Great opportunity to purchase this multifamily property, 24-units currently in the last phase of renovation! With new plumbing and electrical and fixtures as needed. Updates to Kitchens & bathrooms. New Vinyl floors in main living and new carpet in bedrooms. All interior and all exterior paint. Units are large and spacious. Tons of natural light. All units come with new refrigerator and new stove. Structure behind the 1805 building has electricity and water for a laundry room. It has not been set up, as of yet. This room could possibly hold 3 to 4 coin-operated washers and dryers for another revenue stream! 6 units are 1br/1b and 18 units are 2br/1b. New rents at $695 and $795. Currently being leased up. With one new paved parking lot, tons of green space and plenty of parking. Convenient to shopping and businesses. Proforma cap of 9.8% estimate. Reach out for P&L and further information. Income and expenses projected.