1015 11th Avenue, Phenix City, AL 36867
1015 11th Avenue, Phenix City, AL 36867
1015 11th Avenue, Phenix City, AL 36867
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Jeff Wallace

Jeff Wallace

+1(828) 989-5392
$109,500
Est. payment /mo
3 Beds
1 Bath
1,112 SqFt
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UPDATED:

Key Details

Property Type Single Family Home

Sub Type Single Family Residence

Listing Status Active

Purchase Type For Sale

Square Footage 1,112 sqft

Price per Sqft $98

Subdivision No Subdivision

MLS Listing ID 234200

Style Traditional

Bedrooms 3

Full Baths 1

HOA Y/N No

Year Built 1940

Lot Size 10,454 Sqft

Property Sub-Type Single Family Residence

Property Description

Income-producing investment property currently rented for $1,195 per month. At the purchase price of $109,500, the property reflects an estimated 10.2% cap rate based on current rent and seller-provided operating expense assumptions. Recent improvements include a new HVAC system installed in July 2024, a newer water heater, kitchen renovation with cabinets, sink and countertops, and new vinyl flooring in the kitchen and laundry area completed in August 2026. 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 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 the 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. Excellent opportunity for an investor looking to add a stabilized rental property with recent capital improvements to an existing portfolio. Contact listing agent for lease information, rent roll, and details regarding the three-property package.

Location

State AL

Area Russell

Interior

Interior Features Other-See Remarks

Heating Electric

Cooling Central Electric

Appliance Electric Range, Other-See Remarks

Exterior

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

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Listed by Keller Williams Realty River Cities

Nearby Locations

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Jeff Wallace

Jeff Wallace

+1(828) 989-5392

Owner- Team Lead License ID: GA-423331

Owner- Team Lead License ID: GA-423331

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