Phenix City Duplex Investment
1001 18TH Avenue Phenix City, AL 36867
1001 18TH Avenue, Phenix City, AL, 36867
$219,900
For Sale
$219,900
Updated duplex in Phenix City with strong cash flow potential.
Property Size1,674 SF
Price / SF$131.36
Days on Market142
Property Features for 1001 18TH Avenue
General Information
- Standard status
- Active
- Size
- 1,674 SF
- Property subtype
- Multi Family
Building Details
- Year Built
- 1995
Listing Agency
LOKATION REAL ESTATE
(334) 559-1209
Listed by
DENISE VASCONCELOS · License #122520
(334) 559-1209
Source
Exitrealty
Added: Feb 27 Checked: Jul 10 at 12:13 pm
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of LOKATION REAL ESTATE
Investment Insights
Based on property information with market context.
This duplex in Phenix City presents an investment opportunity with cash flow potential. Unit A has been recently updated and is rented for $1,000.00 per month. Unit B has also been renovated and is rented for $1,000.00 per month, resulting in a total cash flow of $2,000.00. The property features a slab foundation and brick construction on all four sides, offering low maintenance. Tenants are responsible for yard maintenance, and there are no HOA fees. The property includes concrete parking and a small yard, providing practicality and convenience. The property size is 1,674 square feet.
Key Highlights
- Strong cash flow potential: $2,000.00 total monthly income.
- Both units (A & B) are renovated and currently rented.
- Low‑maintenance property: Brick construction. Tenants handle yard maintenance.
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $22.1k | $13.20 |
| − Vacancy | −$1.7k | −$0.99 |
| EGI | $20.4k | $12.21 |
| − OpEx | −$6.1k | −$3.66 |
| NOI | $14.3k | $8.55 |
1,674 SF · lease $13.20/SF/yr · vacancy 7.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$204.4K
$178.9K – $238.5K
NOI $14,308 @ 7.0% cap · market cap 6.51%
Second Best
Apartment 5plus
$191.2K
$167.3K – $223.1K
NOI $13,386 @ 7.0% cap · market cap 6.09%
Theoretical Best
Office A
$408.3K
$357.3K – $476.3K
NOI $28,580 @ 7.0% cap · market cap 13.00%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Duplex - Updated duplex in Phenix City with strong cash flow potential.
Where is this duplex located?
The property is located at 1001 18TH Avenue Phenix City, AL.
What is the asking price?
The asking price for this property is $219,900.
What are key features of this property?
This property features: Strong cash flow potential: $2,000.00 total monthly income.; Both units (A & B) are renovated and currently rented.; Low‑maintenance property: Brick construction. Tenants handle yard maintenance.
