$170,000
Est. payment /mo
4 Beds
2 Baths
1,485 SqFt
Price Dropped by $10K
2200 13th Avenue Phenix City, AL 36867
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Key Details
Property Type Multi-Family
Sub Type Duplex
Listing Status Active
Purchase Type For Sale
Square Footage 1,485 sqft
Price per Sqft $114
Subdivision No Subdivision
MLS Listing ID 231353
Bedrooms 4
Year Built 1988
Lot Size 10,018 Sqft
Property Sub-Type Duplex
Property Description
Investor Opportunity – Duplex with Stable Income, Rent Upside & Portfolio Expansion Potential | $180,000 Well-maintained duplex offering immediate cash flow with built-in upside potential. This property is ideal for investors seeking a combination of current income and future rent growth. Unit A is currently rented at $750/month with a lease in place through January 2027, providing long-term stability and predictable income. Unit B is rented at $660/month with a lease in place through November 2026, offering additional income with opportunity for future rent adjustments. Total current rental income: $1,410/month The property features a new roof installed in 2022, helping reduce near-term capital expenses and improving overall investment security. Both units are currently below market rent, with projected rents estimated in the $850–$950/month range per unit, creating a clear path for increased cash flow over time. Highlights: Total current rental income of $1,410/month Long-term leases in place (Nov 2026 & Jan 2027) New roof (2022) Below-market rents with strong upside potential Stable, low-maintenance investment This property can be purchased individually or as part of a larger portfolio, including multiple duplexes and quadplexes—ideal for investors looking to scale quickly with income-producing assets. Contact agent for full portfolio details.
Location
State AL
Area Alabama-01
Interior
Heating Electric
Cooling Central Air
Appliance Refrigerator
Exterior
Parking Features Driveway
Garage No
Building
Lot Description Less than 1/2 Acre, Level
Sewer Public Sewer
Water Public
Others
Special Listing Condition Standard
Listed by Keller Williams Realty River Cities
NEARBY SCHOOL & BUSINESS
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