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Prestige Property Brokers LLC
1005 11th St, Phenix City, AL 36867
- $79,500
- 1
- BD
- 1
- BA
- 780
- SqFt
- List Price
- $79,500
- Status
- ACTIVE
- MLS#
- 234196
- Subtype
- Residential
- Style
- Traditional
- Year Built
- 1940
- Bedrooms
- 1
- Bathrooms
- 1
- Full Baths
- 1
- Living Area
- 780
- Lot Size
- 7,405
- Acres
- 0.17
- Subdivision
- No Subdivision
- MLS Area Major
- Russell
Property Description
Income-producing investment property currently rented for $795 per month. At the individual allocated price of $79,500, the property reflects an estimated 9.2% cap rate based on current rent and seller-provided operating expense assumptions. Recent improvements include a new water heater installed in 2024, updated kitchen cabinets, sink and countertop, sheetrock and painting, along with a newer gas space heater and additional miscellaneous upkeep. This property is not currently available for individual purchase and must be purchased as part of a three-property investment package with 1015 11th Avenue and 1822 6th Court. The combined package is offered at $288,500, produces $2,985 per month in current rental income, and reflects an estimated package cap rate of approximately 9.5% based on seller-provided income and expense information. The package offers an investor three occupied income-producing properties with established rental history and documented improvements. Contact listing agent for rent roll, lease information, operating expenses, and complete package details.
Additional Information
- Interior Features
- Other
- Exterior Features
- Other
- Property Description
- Traditional
- Appliances
- Electric Range
- Heating
- Natural Gas
- Air Conditioning
- Window/Wall
- Stories
- 1
- Levels
- One
- Parking Features
- Driveway
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Listing courtesy of Keller Williams Realty River Cities.