For Sale
$2,400,000

1213 Martin Luther King Junior BlvdColumbus, GA 31906

32-unit apartment complex, great ROI potential.

Overview

Added:
Dec 11, 2024
Days on market:
116
This exceptional value-add multifamily investment opportunity encompasses two properties located at 1213 and 1700 Martin Luther King Jr Blvd in Columbus, Georgia. The combined portfolio consists of 32 units spread across three buildings, each two stories high, situated on a 2.01-acre lot. Built in 1964 and 1965, these properties underwent significant renovations in 2023 and 2024, encompassing upgrades to HVAC systems, roofing, and countertops. The properties are zoned LMI/NC. One property, Wyntton Crossings, features 22 units, primarily two-bedroom, one-bathroom layouts, with one three-bedroom, one-bathroom unit. The other, Virginia Arms, includes 10 units with a similar unit mix. Currently, both complexes offer below-market rents, presenting a significant opportunity to increase profitability through strategic rent adjustments. The asking price is $2,400,000, translating to an attractive price per unit of $75,000. This presents a compelling investment opportunity in the Columbus, GA market with significant potential for increased returns. The properties are conveniently located in Muscogee County, GA, zip code 31906.

Highlights

  • $2,400,000 asking price for a value-add multifamily investment opportunity.
  • 32-unit apartment building in Columbus, Georgia.
  • $75,000 per unit price.
  • Recently renovated in 2023/2024, including HVAC, roofing, and countertops.
  • Two buildings on a 2.01-acre lot, totaling 32 units across three buildings.

Property Details for 1213 Martin Luther King Junior Blvd

Property type
Apartment buildings
Class
B
Year Built/Renovated
1965/2023
Buildings
3
Stories
2
Lot Size (sq. ft)
87,556 SF
Units
32

Location Insight

City
Columbus
County
Muscogee
State
Georgia
Latitude
32.460100193977
Longitude
-84.972873684827
1213 Martin Luther King Junior Blvd, Columbus, Georgia

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1213 Martin Luther King Junior Blvd
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