68 and 72 Pine Meadows Circle, Elmore, AL 36025

Duplex Built in 2006!

This beautiful multi-tenant unit features two, 3/2.5  units, each with a one car garage.  At approximately 3,192 square feet according to tax records each unit is approximately 1,596 square feet which is practically unheard of for duplex units, and allows these units to get rents just less than single family homes of similar size.  This is especially true because they were built in 2006.  The current property manager is asking $1,000 per month for the unit that becomes available to rent April 1, and we think it probably needs new flooring in order to get that.  The roof looks to have a four to five year life span and I would anticipate putting some money into that as well in the near future.  A duplex down the road just sold for $158,000 and each of it’s units were 2/2 each having a loft, and rents were much lower.  It was in nicer condition, but 1,000 square feet smaller.  So this is an incredible deal even if there is a little maintenance to do!!!   Together this property may bring in $1,800-$2,000 in rents when it top shape.   Elmore is a northern suburb of Montgomery and is one of the most desirable areas of the Montgomery metro area. Elmore is close to I-65 which makes access to Montgomery fast and easy. Living in Elmore even puts the greater Birmingham area within reach.   When looking for the most stable investment strategy for turn key property a duplex this new can be a great cash flow strategy.  If one unit goes vacant you should still be able to cover the mortgage, or pretty close.  This unit has tons of parking.

It takes an expert eye to find deals like this and this was not on the market, having an excellent real estate mentor/coach that can site the best markets and find incredible deals within those markets makes a ton of sense, that’s why organizations like Robert Kiyosaki’s “Rich Dad, Poor Dad,” and the guys from “Flip This House,” and “Flipping Vegas” have relied on our teams to provide their students with properties. 

Property Details

Price: $150,000
Address: 68/72 Pine Meadows Circle
City: Elmore
State: AL
ZIP: 36025
MLS #:
Square Feet: 3,192
Bedrooms: 6
Bathrooms: 6
Basement:

Additional Features:

 

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Contact Us About This Property

Price: $150,000
Address: 68/72 Pine Meadows Circle
City: Elmore
State: AL
ZIP: 36025
MLS #:
Square Feet: 3,192
Bedrooms: 6
Bathrooms: 6
Basement:

Additional Features:

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