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Property view

2608 Kennon Court Q Building, 
Phenix City, AL 36867

$350,000


Bed


Bath


-

Sq Ft


Multi-Family

Pending

Listed by

Michael Terrell

Keller Williams Realty River C

334-298-3900

Last updated:

May 8, 2026, 07:24 AM

MLS#

E103553

Source:

AL PCBR

About This Home

2608 Kennon Court Q Building

Excellent opportunity to acquire a quadplex investment property in a strong rental area, featuring four 2 bedroom, 2 bathroom units with consistent tenant demand. This property offers immediate income with clear potential for increased cash flow through rent adjustments. Currently, the property is underperforming due to below-market rental rates, creating an ideal opportunity for investors looking to improve returns and build long-term equity. Current Rent Roll: Unit 1: $750/month (Section 8) – Lease through September 2026 Unit 2: $750/month (Section 8) – Lease expired February 2026 (opportunity to adjust rent) Unit 3: $780/month – Lease through May 2026 Unit 4: $675/month – Lease through June 2027 Investment Highlights: All units are 2BR/2BA with strong rental appeal Stable occupancy with immediate income in place Opportunity to increase rents to market levels Ideal for investors seeking a value-add property with upside potential Market rents for similar units in the area are estimated at approximately $1,000 per unit, providing a clear path to improved cash flow as leases renew and adjustments are made. A recent comparable sale within the complex reached $390,000, supporting the long-term value potential of this asset. This property is being offered below market value to reflect current rental rates, making it an attractive opportunity for investors looking to capitalize on upside potential in a growing rental market. Additional Opportunity: This property may be purchased individually or as part of a larger investment portfolio, offering flexibility for buyers looking to scale their holdings in the area.

Home Facts

Multi-Family

Built in 1985

Price Summary

350,000

MLS #:

E103553

Last Updated:

May 8, 2026, 07:24 AM

Added:

1 month(s) ago


Structure

Structure

Year Built:

1985


Lot

Lot Size (Sq. Ft):

11,761


Finances & Disclosures

Finances

Price:

$350,000

Source:AL PCBR
The information being provided by East Alabama Board Of REALTORS® Mls is for the consumer’s personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The information is deemed reliable but not guaranteed and should therefore be independently verified. © 2026 East Alabama Board Of REALTORS® Mls All rights reserved.

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Contact an Agent

Yes, I would like more information. Please use and/or share my information with a Coldwell Banker ® affiliated agent to contact me about my real estate needs. By clicking Contact, I request to be contacted by phone or text message and consent to being contacted by automated means. I understand that my consent to receive calls or texts is not a condition of purchasing any property, goods, or services. Alternatively, I understand that I can access real estate services by email or I can contact the agent myself.

If a Coldwell Banker affiliated agent is not available in the area where I need assistance, I agree to be contacted by a real estate agent affiliated with another brand owned or licensed by Anywhere Real Estate (BHGRE®, CENTURY 21®, Corcoran®, ERA®, or Sotheby's International Realty®). I acknowledge that I have read and agree to the terms of use and privacy notice.