2200 13th Avenue, Phenix City, AL 36867

Phenix City
Local realty services provided by:Better Homes and Gardens Real Estate Historic
2200 13th Avenue,Phenix City, AL 36867
$170,000
  • - Beds
  • - Baths
  • 1,485 sq. ft.
  • Multi-family
  • Active
Listed by: michael terrell
Office: keller williams realty river cities
MLS#:231353
Source:GA_CBR

Price summary

  • Price:$170,000
  • Price per sq. ft.:$114.48

About this home

Investor Opportunity – Income-Producing Duplex with Rent Upside | $170,000 Well-maintained duplex offering immediate rental income with attractive future upside. Unit A is currently rented at $750 per month with a lease in place through January 2027. Unit B is rented at $660 per month with a lease in place through November 2026, providing total current rental income of $1,410 per month. Based on estimated property taxes of approximately $150 per month and insurance of approximately $95 per month, the property generates an estimated NOI of $13,980 annually, representing an approximate 8.2% cap rate at the current $170,000 asking price before consideration of maintenance, vacancy, management, reserves or other investor-specific expenses. Potential combined rents of approximately $1,700 per month would increase annual gross rental income to $20,400 and produce an estimated NOI of approximately $17,460 using the same tax and insurance assumptions—representing a potential cap rate of...

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Home facts

  • Year built:1988
  • Subdivision & Development:NO SUBDIVISION
  • Listing ID #:231353
  • Added:152 day(s) ago
  • Updated:September 21, 2026 at 03:06 PM

Rooms and interior

  • Living area:1,485 sq. ft.

Heating and cooling

  • Heating:Electric

Structure and exterior

  • Year built:1988
  • Building area:1,485 sq. ft.
  • Lot area:0.23 Acres
  • Lot Features:Level

Utilities

  • Water:Public
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$170,000
  • Price per sq. ft.:$114.48

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