About This Home

This 4-bedroom, 2-bathroom multi-family at 420 20th Avenue in Phenix City, AL is listed for $170,000 ($103 per sqft). Built in 1995, the home offers 1,648 sqft of living space on a 0.24 acres lot.

Key Features

  • Built in 1995
  • 0.24 acre lot
  • 2 parking spaces

Property Details

2 full
2 spaces
1995
Listing Description

Investor Opportunity - Are you looking for a CAP rate over 9%? Income-producing duplex with both units currently leased and generating a combined $1,575 per month, providing immediate cash flow and rental stability. Unit A is currently rented at $850 per month with a lease in place through September 2027.

Unit B is rented at $725 per month with a lease in place through February 2027. Total current rental income is $1,575 per month, or $18,900 annually. Based on estimated property taxes and insurance, the property offers an estimated cap rate of approximately 9.4% at the current $170,000 asking price before vacancy, maintenance, management and reserves.

Additional long-term income potential may exist as leases expire and market conditions allow. At a combined rental income of approximately $1,700 per month, annual gross rental income would increase to $20,400, representing a potential cap rate of approximately 10.3% using current estimated taxes and insurance.

Unit A also features an HVAC system replaced in 2024, helping reduce near-term capital expense. Highlights: Asking Price: $170,000 Current Rental Income: $1,575/month Annual Gross Rental Income: $18,900 Unit A: $850/month - leased through September 2027 Unit B: $725/month - leased through February 2027 Estimated Current Cap Rate: 9.4% Potential Com

bined Rent: approximately $1,700/month Potential Cap Rate at $1,700/month: approximately 10.3% HVAC replaced in 2024 - Unit A Both units currently occupied Immediate income with future rental upside Property may be purchased individually or in conjunction with additional income-producing properties available from the same seller, providing an opportunity for investors looking 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

420 20th Avenue

Phenix City, AL 36867

No Subdivision

Property Details

Construction

Brick

Heating

Electric (Heating)

Questions & Answers

This 4-bedroom, 2-bathroom multi-family at 420 20th Avenue is listed at $170,000 ($103/sqft). 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 1995, 0.24 acre lot, 2 parking spaces.

This property is listed by Michael Terrell.

MT

Michael Terrell

Agent at Realty River Cities, LLC

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

MLS# 231352· Source: Columbus Board of Realtors (GA)· 4 days on PropertySimple

Copyright © 2026 Columbus Board of Realtors (GA). 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 Avenue, Phenix City, AL 36867

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