About This Home

This 0-bedroom, 0-bathroom multi-family at 2200 13th Ave in Phenix City, AL is listed for $170,000. Built in 1988, on a 0.23 acres lot.

Key Features

  • Built in 1988
  • 0.23 acre lot
  • 2 parking spaces

Property Details

1 story
2 spaces
1988

Amenities

ViewA/C
Listing Description

Investor Opportunity - Income-Producing Duplex with Rent Upside | $170,000 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.

Monthly Cost Estimate

$909/mo

20% down · 6.5% · 30 years

Principal$123
Interest$737
Insurance$50

Estimates only. Actual payments may vary.

Location

2200 13th Ave

Phenix City, AL 36867

Property Details

Construction

VinylSiding

Views

City

Parking

Driveway

Heating

Central

Cooling

Central AirCeiling Fan(s)

Questions & Answers

This 0-bedroom, 0-bathroom multi-family at 2200 13th Ave is listed at $170,000. The estimated monthly payment is $910 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.

Key features include: Built in 1988, 0.23 acre lot, 2 parking spaces.

This property is listed by Michael Terrell.

MT

Michael Terrell

License 129247

Agent at Realty River Cities III

Listed by Realty River Cities III · Broker phone: (706) 221-6900 · View on Broker Site · Broker website

MLS# E103543· Source: East Alabama Board of REALTORS®· 205 days on PropertySimple

Copyright © 2026 East Alabama Board of REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

2200 13th Ave, Phenix City, AL 36867

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