2608 Tillery Ln j, Phenix City, AL 36867, USA

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 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.

Property Details

Property Type

Residential Income

Bedrooms

12

Bathrooms

8

Living Area

4,661 sq ft

Lot Size

0.27 acres

Year Built

1985

Subdivision

North Creek

County

Russell

Sold Price

$340,000

Sold Date

August 17, 2026

Last List Price

$365,000

Last List Date

April 10, 2026

Price History

1. Aug 17, 2026 Sold MLS# 231350 $340,000
2. Apr 10, 2026 Listed MLS# 231350 $365,000

Location