1215 Hull StMontgomery, AL 36104

This fully renovated triplex, located at 1215 S Hull St in Montgomery, AL's Garden District, presents a compelling investment opportunity. Built in 1925 and extensively renovated in 2024, this 2,970 square foot property boasts three units: two 2-bedroom/1-bathroom units and one 3-bedroom/1-bathroom unit. The property features a new roof (installed October 2023), new plumbing and rewiring (2024), and new windows, all contributing to a projected pro-forma NOI of $42,000 and a 13.17% cap rate. The units offer a mix of LVP, tile, and carpet flooring. Each unit has separate front and rear entrances, and parking is available via a rear alleyway and street parking. Additional features include motion detectors in each unit. Situated on a 0.18-acre lot, this property is conveniently located within a 2-minute walk (0.3 miles) of Alabama State University, making it ideal for student rentals. The asking price is $319,000, translating to $106,333.33 per unit and $107.41 per square foot. Currently vacant, this property is ready for immediate occupancy. The property includes five parking pads. This is a Class B multifamily property.