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$125,000
Est. payment /mo
2 Beds
1 Bath
952 SqFt
UPDATED:
Key Details
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Active
Purchase Type For Sale
Square Footage 952 sqft
Price per Sqft $131
Subdivision No Subdivision
MLS Listing ID 234201
Style Traditional
Bedrooms 2
Full Baths 1
HOA Y/N No
Year Built 1950
Lot Size 0.340 Acres
Property Sub-Type Single Family Residence
Property Description
Income-producing property located along Auburn Road with current rental income of $850 per month. The property is being offered at $125,000 and provides an opportunity for an investor seeking current income with potential long-term upside tied to the Auburn Road location. Based on seller-provided income and expense assumptions, the projected cap rate is approximately 6.0% at the current asking price. Recent improvements include five replacement windows installed in 2026. The property is currently used as a residential rental but offers additional long-term potential due to its location along a heavily traveled commercial corridor. This property may appeal to investors seeking rental income today while considering future owner-user or commercial possibilities. Buyer should independently verify zoning, permitted uses, measurements, and any intended future use with the City of Phenix City. Seller also owns additional residential investment properties that are being marketed separately as a three-property package. Contact listing agent for lease information, rent roll, and additional portfolio details.
Location
State AL
Area Russell
Rooms
Kitchen Breakfast Room
Interior
Interior Features Other-See Remarks
Heating Electric
Cooling Central Electric
Appliance Electric Range
Exterior
Parking Features Driveway
Utilities Available Underground Utilities
Garage No
Building
Lot Description Level
Story 1
Foundation Slab/No
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
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