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Prestige Property Brokers LLC
1822 6th Ct, Phenix City, AL 36867
- $99,500
- 3
- BD
- 1
- BA
- 1,176
- SqFt
- List Price
- $99,500
- Status
- ACTIVE
- MLS#
- 234194
- Subtype
- Residential
- Year Built
- 1924
- Bedrooms
- 3
- Bathrooms
- 1
- Full Baths
- 1
- Living Area
- 1,176
- Lot Size
- 5,662
- Acres
- 0.13
- Subdivision
- No Subdivision
- MLS Area Major
- Russell
Property Description
Income-producing investment property currently rented for $995 per month. At the individual allocated price of $99,500, the property reflects an estimated 9.1% cap rate based on current rent and seller-provided operating expense assumptions. Recent improvements include replacement ductwork completed in January 2025 and kitchen cabinets replaced in February 2025. This property is not currently available for individual purchase and must be purchased as part of a three-property investment package with 1005 11th Street and 1015 11th Avenue. 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
- Appliances
- Electric Range
- Heating
- Electric
- Air Conditioning
- Central Air
- Stories
- 1
- Levels
- One
- Parking Features
- Driveway
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Listing courtesy of Keller Williams Realty River Cities.