321 Olivia CT, Montgomery, AL 36107
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321 Olivia CT, Montgomery, AL 36107,Video Tour
321 Olivia CT, Montgomery, AL 36107
321 Olivia CT, Montgomery, AL 36107
321 Olivia CT, Montgomery, AL 36107
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First Call Realty

First Call Realty

+1(334) 593-8414
Listed by Bryant Evans • Bo Evans Realty
$ 150,000
Est. payment /mo
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321 Olivia CT Montgomery, AL 36107

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Key Details

Property Type Single Family Home

Listing Status Active

Purchase Type For Sale

Subdivision Mcqueen Estates

MLS Listing ID 589048

Style One Story

HOA Y/N No

Year Built 1950

Annual Tax Amount $952

Property Description

Investor Opportunity! Turnkey Cash-Flowing Duplex | Fully Occupied | Exceeds the 1% Rule! Generating $1,675 per month ($20,100 annually) with long-term lease stability already in place. Priced at $150,000, this property exceeds the 1% Rule and offers immediate cash flow from day one. Each unit features 2 bedrooms and 1 bathroom and both units are individually metered with separate water, gas, and electric meters, allowing tenants to pay all utilities and helping keep operating expenses low. Owner expenses are limited primarily to taxes, insurance, lawn maintenance, and management. Located at the end of a quiet cul-de-sac, this income-producing property consists of two individually leased units with private driveways, washer/dryer hookups, and separate entrances. Current Rental Income: 319 Olivia Ct =$925/month and Lease through May 31, 2027. 321 Olivia Ct=$750/month and Lease through July 31, 2027. Both tenants are current on rent, do not have any pets and security deposits totaling $1,675 will transfer to the purchaser at closing. Whether you're completing a 1031 exchange, purchasing your first duplex, or expanding an existing portfolio, this stabilized income-producing property offers immediate cash flow with limited owner responsibilities and minimal operating complexity.
Rent rolls available upon request.

Location

State AL

County Montgomery

Area Mont-N Central Mont City

Interior

Interior Features Separate/Formal Dining Room

Heating Central, Gas, Wall Furnace

Cooling Ceiling Fan(s), Window Unit(s)

Flooring Plank, Tile, Vinyl, Wood

Fireplace No

Appliance Gas Water Heater

Exterior

Parking Features Driveway

Utilities Available Cable Available, Electricity Available, Natural Gas Available, High Speed Internet Available

Water Access Desc Public

Building

Lot Description City Lot

Entry Level One

Sewer Public Sewer

Water Public

Architectural Style One Story

Level or Stories One

New Construction No

Schools

Middle Schools ,

Others

Tax ID 10-02-09-3-019-044.000

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

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First Call Realty
First Call Realty

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+1(334) 593-8414 | office@firstcall-realty.com

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321 Olivia CT