3742 Opelika Rd Phenix City, AL 36870
- Residential income homes
Current Use by Public Records
- Residential income homes
Property Details for 3742 Opelika Rd
- Property type
- Residential income homes
Description
This exceptional investment opportunity presents a portfolio of nine single-family rental properties located at 3742 Opelika Rd, Phenix City, Alabama, 36870. Each unit is a one-bedroom, one-bathroom residence, currently boasting 100% occupancy and generating a total monthly income of $8,164. The asking price for this Class B, value-add multifamily property is $950,000, representing a compelling price per unit of $105,555.56 and a 10% capitalization rate. The current rental income is below market value, presenting significant potential for increased profitability through rent adjustments. This portfolio is situated on APN 57-05-03-05-4-002-004.000 in Russell County. Note that this portfolio may be purchased in conjunction with three additional commercial properties located on the same parcel. This presents a unique opportunity to acquire a substantial real estate holding in a growing market. Detailed financial information and property specifics are available upon request.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Phenix City
- County
- Russell
- State
- Alabama
- Longitude
- -85.0488
- Latitude
- 32.4941
