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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.
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
Amenities
Monthly Cost Estimate
$1,952/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
2608 Tillery Lane J building
Phenix City, AL 36867
Northcreek
Property Details
Construction
Views
Parking
Heating
Cooling
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.





