3744 Princeton Rd

Montgomery, AL 36111
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5 bd, 2 ba | 1,987 sqft | Built in 1956

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For Sale

Exclusive

List Price
$150,000

Initial Investment

$47,814
Pre-approval letter or proof of funds required.

$

about the purchase process.
Features

Occupancy

Occupied

Lease Start

10/01/2021

Lease End

09/30/2022

Lot Size

19,541

HOA

None

Flood Risk

Not Required

  • Highlights/Opportunity: Strong cap rate
  • Tenant: Tenant is full Section 8
  • Location: 8 Colleges and universities located in Montgomery; Massive Student Market
  • Per the inspection report dated 4/20/2022, the following items were noted to repair. The items are numbered per inspection report and are pending repair:
(2) Structural: Damaged roof framing and decking noted in the attic. Recommend evaluation and repairs.
(3) Roof: Roof decking appeared to be damaged. Right side of roof appeared to be impact damaged. The gable vent has wood rot and is excessively damaged.
(4) Kitchen: Window was painted shut which is a safety issue. Recommend repairs.
(5) Bedroom 1: Window was painted shut which is a safety issue. Recommend repairs.
(7) Bedroom 5: Window was painted shut which is a safety issue. Recommend repairs.
(8) Bathroom 2: Window was painted shut which is a safety issue. Recommend repairs.
(9) Attic: Joist had been cut, other joist were damaged. Some mild discoloration was noted due to age and previous leaks. Recommend repairs and microbial remediation.
See more in Analysis

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Annual Financial Highlights

Expected Rent

$17,100

Expenses

-$4,493

Property Taxes

-$900

Loan Payments

-$8,155

Net Cash Flow

$3,553

See more in Financials

Property Characteristics

Roofstock Exclusive

Listed directly by the seller, Exclusive properties are only available through Roofstock.
  • These properties' Diligence Documents include one or more of these documents: inspection report, title search, rent history if occupied.
  • If the home is non-certified and the posted inspection is more than 3 months old, an inspection contingency will apply.
  • The seller will be represented by a Roofstock-affiliated broker and Roofstock will walk the buyer through the transaction.

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