1215 Hull StMontgomery, AL 36104

Property Details for 1215 Hull St

Year built

1925

Lot size

0.18 AC

Property size (Sq ft)

2,970 SF

Property type

Residential income properties

Property subtype

Multifamily properties

Description

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.

Location Insight

City

Montgomery

County

Montgomery

State

Alabama

Latitude

32.3622

Longitude

-86.3028

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