Montgomery County, Montgomery, AL 36104
2 bd1 ba1,571 sfBuilt 1920
Gross spread$95,000
Description
DOWNTOWN MONTGOMERY VALUE-ADD | Clayton Pkwy, Montgomery, AL 36104 Location sells this one. This 1920 historic cottage sits about two blocks from EJI's new Elevation Hotel & Convening Center (opened Oct 2025), less than a mile from the National Memorial for Peace and Justice, and a short walk to downtown and the Legacy Sites that bring visitors into Montgomery year-round. The parallel streets (Mildred St & Clayton St) are already lined with renovated historic homes. This block is next. THE NUMBERS- Conservative ARV: $150K as a 2/1, $175K+ converted to a 3/2- Renovated 3/2 around the corner on Martha St sold for $240K (May 2026) and was running as a successful Airbnb- Renovated 1920 3/2 on S McDonough sold for $165K (June 2026)- FLIP PROOF: a cottage on Earl Pl was bought for $20K in Sept 2025, renovated, and resold for $145K nine months later- Long-term rent est. ~$1,600/mo, with real short-term rental upside next to a new hotel on the civil rights trail- Even with a full rehab budget, all-in lands around $90–100K ALREADY DONE / INCLUDED- New plumbing line run from the street to the house- Supply lines already run to the bathroom- Seller is finishing the kitchen leveling and installing new subfloor BEFORE closing- Original wood floors in VERY good condition. Refinish, don't replace.- A complete salvaged kitchen with high-end appliances, fixtures for two bathrooms, and the original clawfoot tub all convey with the sale. A big chunk of your materials budget is already covered.- High ceilings, big rooms, covered front porch, fully fenced lot VALUE-ADD PLAYAbout 1,500 sq ft is a lot of house for a 2/1. The existing storage area can be extended for a second bath + laundry, turning it into a 3 bed / 2 bath in the higher ARV bracket. CONDITION (PRICED ACCORDINGLY)- Kitchen (rear addition) is gutted. Seller is completing the structural leveling of the addition before closing.- Bathroom needs a full rebuild (plumbing already run)- Pier & beam foundation, typical for the area- Full cosmetic rehab needed. Buyer to verify roof, electrical and HVAC.- Vacant. Seller reports no liens. Sold AS-IS, cash or hard money. Walkthroughs available. Reach out to schedule.
$/sqft vs market
Median of 125 comparable listings matched on city + property type. A narrow sample moves a lot; read it as context, not as a valuation.
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Systems & condition
Self-reported by the seller. Not inspected.
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