2601 Althea St, Tuskegee, AL 36088, USA

Description

Offer accepted, pending delivery of Earnest Money to closing attorney. Welcome to 2601 Althea Street, an investment opportunity that actually makes sense. Located minutes from Tuskegee University, this updated 3-bedroom, 1-bath home sits in one of the strongest rental markets in Macon County. Tuskegee University continues to drive housing demand year after year, making this an excellent opportunity for investors, parents of students, or anyone looking for reliable rental income. The property comes with something investors love but rarely find: a consistent 17-year rental history. This isn't a property with hypothetical numbers or "potential." It has a proven track record of producing income. The home has generated $650 per bedroom, or approximately $1,950 per month in gross rental income. That's actual rental history, not wishful thinking and creative spreadsheet math. Major updates have already been completed, including a newer HVAC system, approximately one year old, a new sump pump in the basement, and kitchen appliances that are approximately three years old. Translation: fewer surprise expenses and fewer maintenance headaches. Inside, you'll find an updated kitchen with a gas cooktop, washer and dryer connections, and a practical layout that works well for student housing, faculty housing, or traditional long-term tenants. Parents of Tuskegee University students should take note. Instead of paying rent for the next four years, consider owning the property and renting the additional bedrooms to other students to help offset expenses. Conveniently located near Tuskegee University, downtown Tuskegee, shopping, restaurants, and everyday amenities. Properties this close to campus with a documented 17-year rental history, proven income, and recent major updates are becoming harder to find. Whether you're looking to add a cash-flowing rental to your portfolio or secure housing near campus, this one deserves a look.

Property Details

Property Type

Residential

Bedrooms

3

Bathrooms

1

Living Area

1,122 sq ft

Lot Size

0.27 acres

Year Built

1944

Subdivision

CARVER COURT

County

Macon

Sold Price

$100,000

Sold Date

August 11, 2026

Last List Price

$105,000

Last List Date

June 6, 2026

Price History

1. Aug 11, 2026 Sold MLS# 180759 $100,000
2. Jul 8, 2026 Price Reduced MLS# 180759 $105,000 -$15,000
3. Jun 6, 2026 Listed MLS# 180759 $105,000

Location