Exceptional investment opportunity showcasing two beautifully renovated luxury units, each offering 2 bedrooms and 1 bathroom with spacious, thoughtfully designed living areas. This turnkey multi-family property has been extensively updated with a brand-new roof, new windows, and new doors, delivering both style and peace of mind. Inside, each unit features fresh modern finishes including stainless steel appliances, granite countertops, rich wood flooring, and fully remodeled interiors designed to impress today’s discerning tenants or owner-occupants alike.
One unit is currently leased, creating immediate income potential from day one while offering the perfect opportunity for an owner-occupant to live in the second unit and offset their mortgage with rental income. Whether you are an investor seeking a strong addition to your portfolio or a buyer looking for luxury living with built-in income potential, this property delivers exceptional versatility.
Ideally located at 1324 Federal Drive in Montgomery, this property offers convenient access to Downtown Montgomery, Gunter Annex, major interstates, shopping, dining, and everyday essentials. The area continues to see infrastructure improvements and benefits from strong commuter accessibility, making it attractive for long-term tenants and owner-occupants alike. Nearby shopping centers, local restaurants, parks, and entertainment options add to the property’s appeal. With proximity to Alabama State University, Huntingdon College, and Faulkner University, this location offers broad rental demand and excellent connectivity across the city. A rare opportunity to own a low-maintenance, income-producing property with upscale finishes in a highly convenient Montgomery location.
73 days
|
222
|
16
|
Zillow last checked:
Listing updated:
Listed by:
Davis J. Bull855-450-0442,
Real Broker, LLC.
Source: MAAR,MLS#: 586957Originating MLS: Montgomery Area Association Of Realtors
Facts & features
Interior
Bedrooms & bathrooms
Bedrooms: 4
Bathrooms: 2
Heating
Central, Gas, Multiple Heating Units
Cooling
Central Air, Electric, Heat Pump, Multi Units
Appliances
Included: Electric Water Heater, Gas Water Heater, Multiple Water Heaters
Features
Eat-in Kitchen, Living/Dining Room
Flooring: Tile, Vinyl, Wood
Property
Parking
Parking features: Concrete, Driveway
Features
Levels: One
Stories: 1
Pool features: None
Lot
Features: City Lot
Details
Parcel number: 1002042003003.000
Construction
Type & style
Home type: MultiFamily
Architectural style: One Story
Property subtype: Multi Family
Materials
Brick, Vinyl Siding
Foundation: Slab
Condition
New construction: No
Year built: 1956
Utilities & green energy
Sewer: Public Sewer
Water: Public
Utilities for property: Cable Available, Natural Gas Available
Explore the cost of this home by adjusting the details. Changes won't be saved.
Principal & interest
$1,547
Mortgage insurance
$0
Property taxes
$170
Home insurance
$105
HOA fees
$0
Utilities
Not included
All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
See how much you could borrow to make a competitive offer.