1501 8th Ave

• - +/- 2,564 SF building
• - 4 units for rental income potential
• - Prime location in Phenix City

Property Description

Introducing a prime investment opportunity in Phenix City, AL at 1501 8th Avenue. This +/- 2,564 SF building on a .24 acre lot presents a prime opportunity for multifamily rental portfolio investors. The all-brick building features 4 units, each with two bedrooms and one bathroom. Water has a single meter and is paid for by owner. Electric is separately metered and paid for by tenants. All 4 units are currently occupied and present a gross potential income of $25,751. This property is a value-add opportunity with below market rents. There are several local retailers nearby including Piggly Wiggly, Dollar Tree, Kentucky Fried Chicken, Courtyard Marriott, Big Lots, and McDonald’s. This property, listed at $140,000, gives an investor the opportunity to have a value-add complex in Phenix City. With any inquiries or questions please call our Multifamily Commercial Advisor, Troy Reynolds, at 706-616-3400 cell or 706-660-5418 office.