2608 Kennon Court Q building Phenix City, AL 36867

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.