This four sided brick home is located in one of the most sought after neighborhoods in Montgomery, Dalraida! This area is largely owner occupant and when rentals come they are highly sought after. Demographics regarding income and education levels are excellent, schools are the best in town. This is a wonderful family neighborhood that is very close to the YMCA, the new Publix shopping center, and some of the cities best restaurants. This is one of the more affordable homes in the Dalraida area where home prices can range from $90,000 to $170,000. We have sold at least three homes within a few blocks of this home in the $130,000's.
These are solidly built homes and I would give the street a B- to B for pride of ownership, but the area in general is B to B+. Being able to get a property in this good of an asset class rating below $100,000 mark is rare for Dalraida. This home almost meets the 1% rule which is achievable in C+ to B- assets in our markets, but rare in the U.S. right now and harder to find in B class properties.
This home has a huge living room that features a great fireplace and gleaming hardwood flooring, which runs through the majority of the house. There is a great covered patio, large yard and a carport. The eat in kitchen has updated cabinets with new hardware, fresh paint, new countertops new stainless stove and fridge! The bedrooms are very spacious the master bathroom has been completely renovated with a newly tiled shower, new vanity, toilet and so much more. The hall bathroom is going to be gutted to the studs with new tub, tile , trim kits, valves and stems, plumbing updates, toilet, vanity, curved shower rod and more. The house has been freshly painted inside, hardwood floors have been refinished, lighting has been updated, and the hot water heater is from 2016 or 2017, the plumbing for the washer has been completely redone, the electrical has a new circuit breaker box and other updates. The furnace and condensing unit just replaced, and the exterior windows, doors, soffits and fascia will be repaired and painted as needed. A great deal of landscaping will be done as well. The home is also receiving a new roof, plumbing and electrical updates. This property should rent for $950 per month and should be an excellent cash flow, turn key, income producing property. The 3D tour below exemplifies our renovations, and this home should be renovated within 30 days from our closing it (scheduled for early May).