1603 20Th Ave Phenix City, AL 36867
This all-brick duplex located at 1603 20th Avenue, Phenix City, Alabama, presents a compelling investment opportunity. Situated on a 0.22-acre lot, this multifamily property boasts a total square footage of 1,386 square feet. Currently configured as a two-unit apartment building, each unit is generating a monthly rental income of $650, with tenants responsible for all utilities and currently on month-to-month leases. The property features attractive hardwood floors throughout, adding to its appeal. Furthermore, the roof is only two years old, minimizing immediate maintenance concerns. The property's convenient location near Crawford Road and Highway 280 offers easy access to local amenities and transportation routes. The asking price for this income-producing property is $135,000. This represents a strong potential return on investment for savvy buyers seeking a stable and profitable addition to their portfolio. Serious inquiries are encouraged to schedule a viewing. Please do not disturb the tenants.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.