3742 Opelika RdPhenix City, AL 36870

Property Details for 3742 Opelika Rd

Property type

Investment properties

Property subtype

Multifamily properties

Description

This exceptional investment opportunity presents a portfolio of nine single-family rental properties located at 3742 Opelika Rd, Phenix City, Alabama, 36870. Each unit is a one-bedroom, one-bathroom residence, currently boasting 100% occupancy and generating a total monthly income of $8,164. The asking price for this Class B, value-add multifamily property is $950,000, representing a compelling price per unit of $105,555.56 and a 10% capitalization rate. The current rental income is below market value, presenting significant potential for increased profitability through rent adjustments. This portfolio is situated on APN 57-05-03-05-4-002-004.000 in Russell County. Note that this portfolio may be purchased in conjunction with three additional commercial properties located on the same parcel. This presents a unique opportunity to acquire a substantial real estate holding in a growing market. Detailed financial information and property specifics are available upon request.

Location Insight

City

Phenix City

County

Russell

State

Alabama

Latitude

32.4941

Longitude

-85.0488

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