Curious about this home?

Ask anything — no agents, no pressure

Try asking

About This Home

This 0-bedroom, 0-bathroom residential multi family at 2608 Tillery Lane J building in Phenix City, AL is listed for $365,000. Built in 1985, on a 0.27 acres lot.

Agent Description

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 re

novation (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 opport

unity 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.

Key Features

  • Built in 1985
  • 0.27 acre lot
  • 2 parking spaces

Property Details

1 story
2 spaces
1985

Amenities

ViewA/C

Monthly Cost Estimate

$1,952/mo

20% down · 6.5% · 30 years

Principal$264
Interest$1,582
Insurance$106

Estimates only. Actual payments may vary.

Location

2608 Tillery Lane J building

Phenix City, AL 36867

Northcreek

Property Details

Construction

Brick

Views

City

Parking

Driveway

Heating

Central

Cooling

Ceiling Fan(s)Central Air

Questions & Answers

This 0-bedroom, 0-bathroom residential multi family at 2608 Tillery Lane J building is listed at $365,000. The estimated monthly payment is $1,582 based on 20% down at 6.5% interest.

Key features include: Built in 1985, 0.27 acre lot, 2 parking spaces.

This property is listed by Michael Terrell and can be reached at 7622077005 or mterrell@kw.com.

Similar Homes in Phenix City

View all
MT

Michael Terrell

Agent at Keller Williams Realty River C

(762) 207-7005

Listed by Keller Williams Realty River C

MLS# E103549· Source: listhub· Updated 2 days ago

Copyright © 2026 East Alabama Board of REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

2608 Tillery Lane J building, Phenix City, AL 36867

Open this listing in: