2608 TILLERY LANE J, PHENIX CITY, AL 36867
NORTH CREEK · RUSSELL County
Key Facts
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 Information
Property Type
Residential Income
Sub-Type
Duplex
Living Area
4,661 sq ft
Lot Size
0.27 acres
Days on Market
83
MLS® Listing#
231350
Property Features
Heating
Lot Features
Construction
Utilities
Sewer
Water Source
Financial Details
Parcel Number
570502091001005
Directions
South Rail Road street turn onto Tillery Lane
Affordability Calculator
$73,000
Estimated monthly payment
$1,943/mo
Principal $292,000 · Est. interest $407,366 over 30 yrs
Neighborhood Market Statistics
How this home compares to active listings in PHENIX CITY, AL
- $338,182
- Median Listing Price
- 75
- Median Days on Market
- 1,976
- Median Sq Ft
- $164
- Median Price / Sq Ft
- 358
- Active Listings
- This home’s price is 8% above the area median.
- Its price per sq ft is 52% below the area median.
Market statistics compiled from active EXIT Realty® and MLS listings in PHENIX CITY, AL.
Location
Points of Interest in PHENIX CITY, AL
Showing the PHENIX CITY area map.
Nearby Schools
Phenix City Intermediate School
Secondary · 0.2 mi away
Toddler Town & Toddler Town Two
School · 0.3 mi away
Phenix City Elementary School
Elementary · 0.3 mi away
Kingdom Kids Room To Grow
School · 0.5 mi away
Central Freshman Academy
School · 0.6 mi away
Central High School
Secondary · 0.7 mi away
Success Academy
School · 0.9 mi away
St Patrick's Catholic School
School · 0.9 mi away
Phenix City Head Start Center
School · 1.3 mi away
Westview Elementary School
Elementary · 1.4 mi away
Sherwood Elementary
Elementary · 1.5 mi away
Lakewood Primary School
Elementary · 1.7 mi away
Phenix City Schools
School · 1.8 mi away
Phenix Christian School
Elementary · 1.9 mi away
Downtown Elementary Magnet Academy
Elementary · 2.3 mi away
First Presbyterian Day School
School · 2.5 mi away
Fox Elementary School
Elementary · 2.7 mi away
Mother Mary School
School · 2.7 mi away
Early College Academy
Secondary School · 2.9 mi away
Victorious Living Chapel
School · 2.9 mi away
Commute Calculator
Nearby Homes
Similar Homes Nearby
Similar Home Values
Comparable nearby listings and their asking prices.
| Address | Price | Beds | Baths | Sq Ft |
|---|---|---|---|---|
| 3286 Trussell Rd, Alexander City, AL | $259,000 | 3 | 2 | 1,590 |
| 368 Fairlane Cir, Alexander City, AL | $259,900 | 3 | 2 | 2,048 |
| 5261 Gilmer Lane, Rainbow City, AL | $259,900 | 2 | 2 | 2,057 |
| 333 FOX RUN LANE, PELL CITY, AL | $259,900 | 3 | 2 | 1,470 |
| 2608 ALPHA DRIVE, PHENIX CITY, AL | $260,000 | 3 | — | 1,579 |
| 20 Forest Ridge LN, Phenix City, AL | $261,000 | 4 | — | 2,184 |
Moving Cost Estimate
EXIT Agents in PHENIX CITY
Listing Courtesy: Keller Williams Realty River Cities - 7062216900