2200 13th Ave Phenix City, AL 36867
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Duplex
Listing Status Active
Purchase Type For Sale
MLS Listing ID E103543
Construction Status Resale
HOA Y/N No
Year Built 1988
Annual Tax Amount $1,393
Tax Year 2025
Lot Size 10,018 Sqft
Acres 0.23
Property Sub-Type Duplex
Property Description
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 approximately 10.3%.
A new roof was installed in 2022, helping reduce near-term capital improvement needs.
Property Highlights:
• Asking price: $170,000
• Current rental income: $1,410/month
• Unit A: $750/month – leased through January 2027
• Unit B: $660/month – leased through November 2026
• Estimated current cap rate: 8.2%
• Potential combined rent: approximately $1,700/month
• Potential cap rate at $1,700/month: approximately 10.3%
• New roof installed in 2022
• Established rental income with future rent-growth potential
Property may be purchased individually or in conjunction with additional investment properties available from the same seller, providing an opportunity for investors seeking to expand their rental portfolio.
Contact listing agent for additional property and portfolio information. Do not disturb tenants.
Location
State AL
County Russell
Body of Water None
Interior
Interior Features InteriorFeatures
Heating Central
Cooling Central Air, Ceiling Fan(s)
Fireplace No
Window Features None
Exterior
Parking Features Driveway
Fence None
Community Features None
Utilities Available Cable Available, Electricity Available, Phone Available, Sewer Available, Water Available
Waterfront Description None
View Y/N Yes
Water Access Desc Public
View City
Roof Type Shingle
Accessibility None
Total Parking Spaces 2
Building
Lot Description Corner Lot
Entry Level One
Sewer Public Sewer
Water Public
Level or Stories One
Structure Type Vinyl Siding
Construction Status Resale
Others
Security Features None
Acceptable Financing Cash, Conventional, 1031 Exchange, FHA, VA Loan
Green/Energy Cert None
Listing Terms Cash, Conventional, 1031 Exchange, FHA, VA Loan
Special Listing Condition Standard, None
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