About This Home
This 2-bedroom, 1-bathroom single family at 1604 Auburn Rd in Phenix City, AL is listed for $125,000 ($131 per sqft). Built in 1950, the home offers 952 sqft of living space on a 0.34 acres lot.
Key Features
- Built in 1950
- 0.34 acre lot
Property Details
Amenities
Income-producing property located along Auburn Road with current rental income of $850 per month. The property is being offered at $125,000 and provides an opportunity for an investor seeking current income with potential long-term upside tied to the Auburn Road location.
Based on seller-provided income and expense assumptions, the projected cap rate is approximately 6.0% at the current asking price. Recent improvements include five replacement windows installed in 2026. The property is currently used as a residential rental but offers additional long-term potential due to its location along a heavily traveled commercial corridor.
This property may appeal to investors seeking rental income today while considering future owner-user or commercial possibilities. Buyer should independently verify zoning, permitted uses, measurements, and any intended future use with the City of Phenix City. Seller also owns additional residential investment properties that are being marketed separately as a three-property package. Contact listing agent for lease information, rent roll, and additional portfolio details.
Monthly Cost Estimate
$669/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
1604 Auburn Rd
Phenix City, AL 36867
Property Details
Flooring
Construction
Views
Parking
Heating
Cooling
Appliances
Questions & Answers
This 2-bedroom, 1-bathroom single family at 1604 Auburn Rd is listed at $125,000 ($131/sqft). The estimated monthly payment is $668 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.
Key features include: Built in 1950, 0.34 acre lot.
This property is listed by Michael Terrell and can be reached at 7622077005.
