307 DAMAN Drive, Montgomery, AL 36108

$140,000
: 3
BD
: 2
BA
: 1,441
SqFt

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List Price: $140,000
Days on Market: 0
Status: ACTIVE
MLS#: 589220
Bedrooms: 3
Bathrooms: 2
Full Baths: 2
Living Area: 1,441
Lot Size (Acres): 0.19
Year Built: 1969

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Property Description

TURNKEY CASH-FLOWING ASSET | MHA TENANT AT $1,300/MO | MAJOR EMPLOYMENT CORRIDOR Instant gross cash flow from day one! This 3 BR / 2 BA single-story brick home (1,441 sqft) comes fully tenant-occupied at $1,300/month backed by MHA (Montgomery Housing Authority). Situated on a quiet street in Southlawn, this low-maintenance slab-foundation home featuring interior updates—including laminate flooring, open living layout, and modern appliances—offers an exceptional, hands-off add to any real estate portfolio. Strategic Industrial & Tech Hub Location: Perfectly positioned just minutes from Montgomery Regional Airport (MGM), Hyundai Motor Manufacturing, Amazon Fulfillment Center, FedEx Freight, and I-65. Even better: it sits directly in the growth shadow of Meta’s new $1.5B+ Data Center campus currently under construction/expansion, bringing thousands of trade workers and long-term tech jobs to the immediate submarket. Tenant Draw & Convenience: Blocks from Southlawn Elementary and Middle Schools, family care clinics, and a quick 10-minute commute to Downtown Montgomery. Low annual property taxes ($440/yr) maximize net operating income. Do not miss this high-performing income generator. 307 Daman Dr (Subject Property): Tax Assessed at $100,100. Automated Valuation Models (AVMs) estimate value between $130,000 – $140,000. 423 Daman Dr: 3 BD / 2 BA (1,460 sq ft) – Sold for $120,000 377 Green Leaf Dr: 3 BD / 2 BA (1,792 sq ft) – Sold for ~$125,000–$135,000+ 308 Upton Rd: 3 BD / 2 BA (1,301 sq ft) – Sold recently in the $95k–$110k range

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