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About This Home

This 0-bedroom, 0-bathroom residential multi family at 420 20th Ave in Phenix City, AL is listed for $185,000. Built in 1995, on a 0.24 acres lot.

Agent Description

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

1 story
2 spaces
1995

Amenities

ViewA/C

Monthly Cost Estimate

$989/mo

20% down · 6.5% · 30 years

Principal$134
Interest$802
Insurance$54

Estimates only. Actual payments may vary.

Location

420 20th Ave

Phenix City, AL 36867

Property Details

Construction

Brick

Views

City

Parking

Driveway

Heating

Central

Cooling

Central AirCeiling Fan(s)

Questions & Answers

This 0-bedroom, 0-bathroom residential multi family at 420 20th Ave is listed at $185,000. 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.

MT

Michael Terrell

Agent at Keller Williams Realty River C

(762) 207-7005

Listed by Keller Williams Realty River C · View on Broker Site

MLS# E103544· Source: listhub· Updated 52 days ago

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.

420 20th Ave, Phenix City, AL 36867

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