321 Olivia Court, Montgomery, AL 36107

Montgomery
Local realty services provided by:ERA Enterprise Realty Associates
321 Olivia Court,Montgomery, AL 36107
$150,000
  • - Beds
  • - Baths
  • - sq. ft.
  • Multi-family
  • Active
Listed by: bryant evans
Office: bo evans realty
MLS#:589048
Source:AL_MLSM

Price summary

  • Price:$150,000

About this home

Investor Opportunity! Turnkey Cash-Flowing Duplex | Fully Occupied | Exceeds the 1% Rule! Generating $1,675 per month ($20,100 annually) with long-term lease stability already in place. Priced at $150,000, this property exceeds the 1% Rule and offers immediate cash flow from day one. Each unit features 2 bedrooms and 1 bathroom and both units are individually metered with separate water, gas, and electric meters, allowing tenants to pay all utilities and helping keep operating expenses low. Owner expenses are limited primarily to taxes, insurance, lawn maintenance, and management. Located at the end of a quiet cul-de-sac, this income-producing property consists of two individually leased units with private driveways, washer/dryer hookups, and separate entrances. Current Rental Income: 319 Olivia Ct =$925/month and Lease through May 31, 2027. 321 Olivia Ct=$750/month and Lease through July 31, 2027. Both tenants are current on rent, do not have any pets and security deposits totaling...

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Home facts

  • Year built:1950
  • Listing ID #:589048
  • Added:1 day(s) ago
  • Updated:July 29, 2026 at 07:49 PM

Rooms and interior

  • Flooring:Plank, Tile, Vinyl, Wood
  • Dining Description:Separate Formal Dining Room

Heating and cooling

  • Cooling:Ceiling Fans, Window Units
  • Heating:Central, Gas, Wall Furnace

Structure and exterior

  • Year built:1950
  • Lot Features:City Lot
  • Architectural Style:One Story
  • Construction Materials:Wood Siding
  • Levels:1 Story

Utilities

  • Water:Public
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$150,000
  • Tax amount:$952

Features and amenities

  • Appliances:Gas Water Heater

Parking

  • Parking description:Driveway

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