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About This Home
This 4-bedroom, 2-bathroom residential multi family at 2200 13th Avenue in Phenix City, AL is listed for $180,000 ($121 per sqft). Built in 1988, the home offers 1,485 sqft of living space on a 0.23 acres lot.
Investor Opportunity - Duplex with Stable Income, Rent Upside & Portfolio Expansion Potential | $180,000 Well-maintained duplex offering immediate cash flow with built-in upside potential. This property is ideal for investors seeking a combination of current income and future rent growth.
Unit A is currently rented at $750/month with a lease in place through January 2027, providing long-term stability and predictable income. Unit B is rented at $660/month with a lease in place through November 2026, offering additional income with opportunity for future rent adjustments.
Total current rental income: $1,410/month The property features a new roof installed in 2022, helping reduce near-term capital expenses and improving overall investment security. Both units are currently below market rent, with projected rents estimated in the $850-$950/month range per unit, creating a clear path for increased cash flow over time.
Highlights: Total current rental income of $1,410/month Long-term leases in place (Nov 2026 & Jan 2027) New roof (2022) Below-market rents with strong upside potential Stable, low-maintenance investment This property can be purchased individually or as part of a larger portfolio, including multiple duplexes and quadplexes-ideal for investors looking to scale quickly with income-producing assets. Contact listing agent for full portfolio details.
Key Features
- Built in 1988
- 0.23 acre lot
Property Details
Amenities
Monthly Cost Estimate
$963/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
2200 13th Avenue
Phenix City, AL 36867
No Subdivision
Property Details
Parking
Heating
Cooling
Appliances
Questions & Answers
This 4-bedroom, 2-bathroom residential multi family at 2200 13th Avenue is listed at $180,000 ($121/sqft). The estimated monthly payment is $780 based on 20% down at 6.5% interest.
Key features include: Built in 1988, 0.23 acre lot.
This property is listed by Michael Terrell and can be reached at 7622077005 or mterrell@kw.com.
