1532 Winona Avenue Montgomery AL 36107

Price: $322,500 MLS # 584247 Status: Active

  • single_bed 2
  • bathtub 1
  • square_foot 4,214
  • home Residential - Condominium
  • calendar_month 1940
Excellent investment opportunity featuring a 6-unit multifamily property totaling approximately 5,400 sq ft, with each unit offering 2 bedrooms and 1 bathroom—for a total of 12 bedrooms and 6 bathrooms. Four units are currently occupied with yearly leases in place and are in good condition, providing immediate, stable income, while two units are vacant—one rent-ready with light improvements and the other needing additional updates, creating strong value-add potential. Current rental rates range from $525 to $800 per month, leaving room for increased cash flow with renovations and rent adjustments. Conveniently located near Alabama State University, Gunter Annex, Montgomery Zoo & Mann Wildlife Learning Museum, Oak Park, Downtown Montgomery (including Riverfront Park, restaurants, and entertainment), and Baptist Medical Center South, as well as local grocery stores and convenience markets, this property creates strong rental appeal and long-term upside in a great rental market.
Hayden Hudson Owner / Broker
Hayden Hudson

(334) 467-1212
Email Directly

Features

  • County Montgomery
  • Property Sub Type Condominium
  • Property Type Residential
  • Subdivision Hillcrest
  • Year Built1940
  • Appliances Water Heater, Washer
  • Cooling None
  • Fireplace Features None
  • Flooring Wood
  • Levels Two
  • Living Area Source Owner
  • RoomsTotal2
  • Construction Materials Brick
  • Exterior Features Balcony, Porch, Patio
  • Foundation Details Slab
  • Lot Features Outside City Limits
  • Parking Features None
  • Patio And Porch Features Balcony, Covered, Patio, Porch
  • Pool Features None
  • PSewer Public Sewer
  • Utilities Unknown
  • Water Source Public
  • Elementary School Morningview Elementary School
  • High School Montgomery Preparatory Academy For Career Technolo
  • Middle Or Junior School Capitol Heights Middle School
  • MLS Area MajorMONT-SW Mont/Regional Airport
  • MLS Area MinorMontgomery Area Association of Realtors
  • MLS Status Active
  • PermissionIDX
  • Year Built Source Owner
  • Association Fee$10
  • Association Fee Frequency Quarterly
  • Possession Close Of Escrow

Directions

Drive north on Ann St. Left to Madison Ave. Right to North Lewis St. Left to Winona Ave. Property is on the left.

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