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Home For Sale Alabama Phenix City 1279
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Investment Property For Sale By Owner

NEW ROOF/PLUMBING. $800 MONTHLY INCOME. THAT'S 22% ANNUALLY




1405 15TH STREET , Phenix City, Alabama 36867 United States
Description

2400 sq. ft. for $39,900. new plumbing and water heaters. new roof. rental income of $800.00 per month. older home with 4 bedrooms, 2 baths. currently used as 2 rental units. each unit consists of 2 bedrooms, 1 bath, living room, and eat-in kitchen. both units equipped with refrigerator, stove, and washer/dryer connections. large rooms. all utilities are separate and paid by tenants. priced well below appraised value. this is a great buy. income from one unit would make mortgage payment if owner chose to live in other unit (that's 10.5% annual return, live for free while tenant pays for your home), or rent both units with positive cash flow each month (that's 22% annual return on purchase). interior stairway still in place (walled off). could be reopened easily for single family living or extended family such as in-laws, parents,....etc. property taxes $596 year as investment property, would be about half that if owner lived there and claimed homestead exemption. property located at 1405 15th street, phenix city, al. near central activity center, one mile from uptown columbus, ga., 15 minutes to ft. binning.

Price: $39,900
Property Sub-Type: Investment Property
Listing ID: 1279

Map of: 1405 15TH STREET , Phenix City, Alabama 36867 United States

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