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About This Home
This 4-bedroom, 2-bathroom residential multi family at 420 20th Avenue in Phenix City, AL is listed for $185,000 ($112 per sqft). Built in 1995, the home offers 1,648 sqft of living space on a 0.24 acres lot.
Investor Opportunity - Duplex with Section 8 Income, Rent Upside & Portfolio Expansion Potential | $185,000 Well-maintained duplex offering immediate cash flow with a combination of government-backed income and significant rental upside. This property is ideal for investors seeking stability today with the opportunity to increase returns over time.
Unit A is currently rented at $600/month through the Section 8 program, with a lease in place through September 2026, providing reliable and consistent income. This unit also features an HVAC system replaced in 2024, reducing near-term maintenance concerns.
Unit B is rented at $575/month with a lease in place through April 2026, offering additional income with an earlier opportunity to adjust rents to market levels. Total current rental income: $1,175/month Both units are currently well below market rent, with projected rental rates estimated in the $850-$950/month range per unit, creating a strong value-add opportunity for investors looking to increase cash flow.
Highlights: Total current rental income of $1,175/month Section 8 income in place (Unit A) Lease terms through April & September 2026 HVAC replaced in 2024 (Unit A) Significant below-market rents with upside potential Stable, income-producing 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 1995
- 0.24 acre lot
- 2 parking spaces
Property Details
Monthly Cost Estimate
$989/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
420 20th Avenue
Phenix City, AL 36867
No Subdivision
Property Details
Construction
Heating
Questions & Answers
This 4-bedroom, 2-bathroom residential multi family at 420 20th Avenue is listed at $185,000 ($112/sqft). The estimated monthly payment is $802 based on 20% down at 6.5% interest.
Key features include: Built in 1995, 0.24 acre lot, 2 parking spaces.
This property is listed by Michael Terrell and can be reached at 7622077005 or mterrell@kw.com.
