2608 Tillery Lane J Building, Phenix City, AL 36867
Local realty services provided by:CENTURY 21 Premier Real Estate
2608 Tillery Lane J Building,Phenix City, AL 36867
$365,000
- - Beds
- - Baths
- - sq. ft.
- Multi-family
- Active
Listed by: michael terrell
Office: keller williams realty river c
MLS#:E103549
Source:AL_PCBR
Price summary
- Price:$365,000
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 #:E103549
- Added:1 day(s) ago
- Updated:April 13, 2026 at 11:15 AM
Heating and cooling
- Cooling:Ceiling Fans, Central Air
- Heating:Central
- Central air:Yes
Structure and exterior
- Roof:Shingle
- Year built:1985
- Lot area:0.27 Acres
- Lot Features:Corner Lot
- Construction Materials:Brick
- Levels:1 Story
Utilities
- Water:Public, Water Available
- Sewer:Public Sewer, Sewer Available
Finances and disclosures
- Price:$365,000
- Tax amount:$3,236 (2025)
Parking
- Total parking spaces:2
- Parking description:Driveway
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