Price $120,000
Status Active
Beds 3
Baths 1 Bath
Home size 1,122 sqft
Lot Size 11,762 sqft
Days on Market 6
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. Run the numbers, schedule a showing, and bring your offer before someone else beats you to it.
Property Type(s): Single Family
Last Updated 6/7/2026 Tract CARVER COURT
Year Built 1944 Community Outside Lee Co
County Macon

SCHOOLS

Elementary School TUSKEGEE PUBLIC ELEMENTARY
Jr. High School TUSKEGEE PUBLIC ELEMENTARY

Additional Details

AIR Ceiling Fan(s), Heat Pump
AIR CONDITIONING Yes
APPLIANCES Dryer, Gas Cooktop, Microwave, Refrigerator, Washer
AREA Outside Lee Co
BASEMENT Crawl Space
CONSTRUCTION Vinyl Siding
HEAT Heat Pump
INTERIOR Ceiling Fan(s)
LOT 0.27 acre(s)
LOT DIMENSIONS 155x75
POOL DESCRIPTION None
STORIES 1
SUBDIVISION CARVER COURT
TAXES 585.6
UTILITIES Natural Gas Available, Water Available
VIEW DESCRIPTION None

Location

 

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