2608 Tillery Lane #J, Phenix City, AL 36867
Local realty services provided by:Better Homes and Gardens Real Estate Historic
2608 Tillery Lane #J,Phenix City, AL 36867
$365,000
- - Beds
- - Baths
- 4,661 sq. ft.
- Multi-family
- Active
Listed by: michael terrell
Office: keller williams realty river cities
MLS#:231350
Source:GA_CBR
Price summary
- Price:$365,000
- Price per sq. ft.:$78.31
About this home
Exceptional opportunity to acquire a hard-to-find single-story quadplex featuring four spacious 3 bedroom, 2 bathroom units—a product type that consistently performs well in today's rental market. Located in a strong rental area, this property offers immediate income with significant upside potential. This asset is currently underperforming due to below-market rents and needed updates, creating a prime value-add opportunity for investors looking to increase cash flow and long-term equity. Current Rent Roll: Unit 1: $1,000/month (Section 8) – Lease through January 2027 Unit 2: $650/month – Lease through November 2026 Unit 3: Vacant – Ready for renovation (estimated ~$10K) Unit 4: $750/month – Lease through June 2026 Investment Highlights: All units are 3BR/2BA – strong tenant demand and higher rent potential Single-story construction – lower maintenance and broader tenant appeal Clear path to increased rents and stabilized income Ideal for investors seeking a value-add repositioning opportunity Market rents for comparable units in the area are estimated at $1,200–$1,400 per unit, offering substantial upside once improvements and lease adjustments are completed. A recent comparable sale within the complex—a smaller 2BR/2BA unit—sold for $390,000, further supporting the long-term value potential of this larger, more desirable unit mix. This property is being offered below market value to reflect current rents and condition, making it an excellent opportunity for investors ready to unlock its full potential....
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Home facts
- Year built:1985
- Listing ID #:231350
- Added:47 day(s) ago
- Updated:June 09, 2026 at 02:52 PM
Rooms and interior
- Living area:4,661 sq. ft.
Heating and cooling
- Heating:Electric
Structure and exterior
- Year built:1985
- Building area:4,661 sq. ft.
- Lot area:0.27 Acres
- Lot Features:Level
- Construction Materials:Brick
Utilities
- Water:Public
- Sewer:Public Sewer
Finances and disclosures
- Price:$365,000
- Price per sq. ft.:$78.31
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