Description
INVESTOR PACKAGE Three Income-Producing Homes, Side by Side Turnkey opportunity in Phenix City! This portfolio includes 1900, 1902, and 1904 10th Court three single-family homes located side by side on the same street. Each property is separately metered, with updated systems and long-term rental history. 1900 10th Ct: Rented for $1,200/month. Solid tenant in place. Updated roof, windows, and major systems. 1902 10th Ct: Fully renovated kitchen and bath, new siding, and recently updated electrical and plumbing. Rented for $1,300/month to reliable tenants who just began a one-year lease. 1904 10th Ct: Long-term tenant paying $850/month, in her second lease term and always on time. Opportunity to raise rent with future turnover or light improvements. All homes feature vinyl siding, covered front porches, and low-maintenance yards. Systems have been upgraded over time including newer HVACs, wiring, and water heaters with roofs on two of the three replaced within the last five to six years. Current Gross Monthly Income: $3,350 Annualized Income: $40,200 Buy one parcel or all three for maximum control, easy management, and consistent cash flow. These homes are ideal for investors seeking immediate income with upside potential through rent adjustments or light renovations.
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School Ratings & Info
Description
INVESTOR PACKAGE Three Income-Producing Homes, Side by Side Turnkey opportunity in Phenix City! This portfolio includes 1900, 1902, and 1904 10th Court three single-family homes located side by side on the same street. Each property is separately metered, with updated systems and long-term rental history. 1900 10th Ct: Rented for $1,200/month. Solid tenant in place. Updated roof, windows, and major systems. 1902 10th Ct: Fully renovated kitchen and bath, new siding, and recently updated electrical and plumbing. Rented for $1,300/month to reliable tenants who just began a one-year lease. 1904 10th Ct: Long-term tenant paying $850/month, in her second lease term and always on time. Opportunity to raise rent with future turnover or light improvements. All homes feature vinyl siding, covered front porches, and low-maintenance yards. Systems have been upgraded over time including newer HVACs, wiring, and water heaters with roofs on two of the three replaced within the last five to six years. Current Gross Monthly Income: $3,350 Annualized Income: $40,200 Buy one parcel or all three for maximum control, easy management, and consistent cash flow. These homes are ideal for investors seeking immediate income with upside potential through rent adjustments or light renovations.
© 2025 East Alabama Board of Realtors. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or The Erickson Group. Data last updated: 2025-11-06T23:52:32.853.