1501 8th Ave

Located in Phenix City, Alabama, investors seeking to expand their multifamily portfolio will appreciate the area's strong rental demand and potential for long-term growth. This multifamily property is situated approximately 2.7 miles from the Columbus Civic Center and Golden Park, which will soon host a $50 million investment project for the Atlanta Braves’ minor league team, set to start their 2025 season in Columbus, GA. The development is expected to create 800-1,000 new jobs in the area. Additionally, the entrance to Fort Moore is just a short 10-mile drive from the property. With its convenient location and close proximity to notable landmarks like the Phenix City Amphitheater and Columbus Downtown Historic District, this is a prime opportunity to capitalize on the thriving rental market in Phenix City.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.