420 20th Avenue, Phenix City, AL 36867

Phenix City
Local realty services provided by:Better Homes and Gardens Real Estate Historic
420 20th Avenue,Phenix City, AL 36867
$170,000
  • - Beds
  • - Baths
  • 1,648 sq. ft.
  • Multi-family
  • Pending
Listed by: michael terrell
Office: keller williams realty river cities
MLS#:231352
Source:GA_CBR

Price summary

  • Price:$170,000
  • Price per sq. ft.:$103.16

About this home

Investor Opportunity – Are you looking for a CAP rate over 9%? Income-producing duplex with both units currently leased and generating a combined $1,575 per month, providing immediate cash flow and rental stability. Unit A is currently rented at $850 per month with a lease in place through September 2027. Unit B is rented at $725 per month with a lease in place through February 2027. Total current rental income is $1,575 per month, or $18,900 annually. Based on estimated property taxes and insurance, the property offers an estimated cap rate of approximately 9.4% at the current $170,000 asking price before vacancy, maintenance, management and reserves. Additional long-term income potential may exist as leases expire and market conditions allow. At a combined rental income of approximately $1,700 per month, annual gross rental income would increase to $20,400, representing a potential cap rate of approximately 10.3% using current estimated taxes and insurance. Unit A also features an...

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Home facts

  • Year built:1995
  • Subdivision & Development:NO SUBDIVISION
  • Listing ID #:231352
  • Added:198 day(s) ago
  • Updated:November 08, 2026 at 09:00 AM

Rooms and interior

  • Living area:1,648 sq. ft.

Heating and cooling

  • Heating:Electric

Structure and exterior

  • Year built:1995
  • Building area:1,648 sq. ft.
  • Lot area:0.24 Acres
  • Lot Features:Level
  • Construction Materials:Brick

Utilities

  • Water:Public
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$170,000
  • Price per sq. ft.:$103.16

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