420 20th 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 E103544
Construction Status Resale
HOA Y/N No
Year Built 1995
Annual Tax Amount $1,683
Tax Year 2025
Lot Size 10,454 Sqft
Acres 0.24
Property Sub-Type Duplex
Property Description
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 HVAC system replaced in 2024, helping reduce near-term capital expense.
Highlights:
• Asking Price: $170,000
• Current Rental Income: $1,575/month
• Annual Gross Rental Income: $18,900
• Unit A: $850/month – leased through September 2027
• Unit B: $725/month – leased through February 2027
• Estimated Current Cap Rate: 9.4%
• Potential Combined Rent: approximately $1,700/month
• Potential Cap Rate at $1,700/month: approximately 10.3%
• HVAC replaced in 2024 – Unit A
• Both units currently occupied
• Immediate income with future rental upside
Property may be purchased individually or in conjunction with additional income-producing properties available from the same seller, providing an opportunity for investors looking 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 Brick
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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