1015 11th Avenue, Phenix City, AL 36867
Local realty services provided by:Better Homes and Gardens Real Estate Historic
Listed by: michael terrell
Office: keller williams realty river cities
MLS#:234200
Source:GA_CBR
Price summary
- Price:$109,500
- Price per sq. ft.:$98.47
About this home
Income-producing investment property currently rented for $1,195 per month. At the purchase price of $109,500, the property reflects an estimated 10.2% cap rate based on current rent and seller-provided operating expense assumptions. Recent improvements include a new HVAC system installed in July 2024, a newer water heater, kitchen renovation with cabinets, sink and countertops, and new vinyl flooring in the kitchen and laundry area completed in August 2026. This property is not currently available for individual purchase and must be purchased as part of a three-property investment package with 1005 11th Street and 1822 6th Court. The combined package is offered at $288,500, produces $2,985 per month in current rental income, and reflects an estimated package cap rate of approximately 9.5% based on the seller-provided income and expense information. The package offers an investor three occupied income-producing properties with established rental history and documented improvements. Contact listing agent for rent roll, lease information, operating expenses, and complete package details. Excellent opportunity for an investor looking to add a stabilized rental property with recent capital improvements to an existing portfolio. Contact listing agent for lease information, rent roll, and details regarding the three-property package....
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Home facts
- Year built:1940
- Subdivision & Development:NO SUBDIVISION
- Listing ID #:234200
- Added:6 day(s) ago
- Updated:September 21, 2026 at 03:33 PM
Rooms and interior
- Bedrooms:3
- Total bathrooms:1
- Full bathrooms:1
- Kitchen Description:Electric Range
- Living area:1,112 sq. ft.
Heating and cooling
- Cooling:Central Electric
- Heating:Electric
Structure and exterior
- Year built:1940
- Building area:1,112 sq. ft.
- Lot area:0.24 Acres
- Lot Features:Level
- Architectural Style:Traditional
- Construction Materials:Frame
- Levels:1 Story
Utilities
- Water:Public
- Sewer:Public Sewer
Finances and disclosures
- Price:$109,500
- Price per sq. ft.:$98.47
Parking
- Parking description:Driveway
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