1005 11th Street, Phenix City, AL 36867
1005 11th Street, Phenix City, AL 36867
1005 11th Street, Phenix City, AL 36867
REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
Jeff Wallace

Jeff Wallace

+1(828) 989-5392
$79,500
Est. payment /mo
1 Bed
1 Bath
780 SqFt
Save

UPDATED:

Key Details

Property Type Single Family Home

Sub Type Single Family Residence

Listing Status Active

Purchase Type For Sale

Square Footage 780 sqft

Price per Sqft $101

Subdivision No Subdivision

MLS Listing ID 234196

Style Traditional

Bedrooms 1

Full Baths 1

HOA Y/N No

Year Built 1940

Lot Size 7,405 Sqft

Property Sub-Type Single Family Residence

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.

Location

State AL

Area Russell

Interior

Interior Features Other-See Remarks

Heating Natural Gas

Cooling Window Unit(s)

Appliance Electric Range

Exterior

Exterior Feature Other-See Remarks

Parking Features Driveway

Utilities Available Underground Utilities

Garage No

Building

Lot Description Level

Story 1

Sewer Public Sewer

Water Public

Architectural Style Traditional

Level or Stories One

Others

Special Listing Condition Standard

Read Less Info
Listed by Keller Williams Realty River Cities

Nearby Locations

GET MORE INFORMATION

Jeff Wallace

Jeff Wallace

+1(828) 989-5392

Owner- Team Lead License ID: GA-423331

Owner- Team Lead License ID: GA-423331

Name

Name

Phone*

Phone

Message

By checking this box, I agree by electronic signature to the Electronic Disclosure Consent Agreement; to receive recurring marketing communication from Jeff Wallace, including auto-dialed calls, texts, and artificial/prerecorded voice messages (message frequency varies; data rates may apply; reply "STOP" to opt-out of texts or "HELP" for assistance); and to the Terms of Service and Privacy Policy of this website. Consent not required to make a purchase. I understand that I can call to obtain direct assistance.