Coldwell Banker Home Page

Local Realty Service Provided By: Coldwell Banker Kennon & Parker

2608 Tillery Lane J Building, 
Phenix City, AL 36867

$340,000


Bed


Bath


-

Sq Ft


Multi-Family

Sold

Listed by

Michael Terrell

Bought with Keller Williams Realty River C

Kw Realty River Cities

334-298-3900

MLS#

E103549

Source:

AL PCBR

Sorry, we are unable to map this address

About This Home

2608 Tillery Lane J Building

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.

Home Facts

Multi-Family

Built in 1985

Subdivision & Development:

Northcreek

Price Summary

365,000

MLS #:

E103549

Sold:

August 18, 2026


Structure

Structure

Year Built:

1985


Lot

Lot Size (Sq. Ft):

11,761


Finances & Disclosures

Finances

Price:

$365,000

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.