For Sale
$1,008,000

1202 Martin Luther King Junior BlvdColumbus, GA 31906

24-Unit Apartment Complex, High Potential

Overview

Added:
Dec 11, 2024
Days on market:
116
This exceptional multifamily investment opportunity in Columbus, Georgia, presents a compelling prospect for astute investors. Located at 1202 Martin Luther King Junior Blvd, 31906, this property is conveniently situated less than two miles from Uptown Columbus. The complex comprises three single-story brick buildings, totaling 16,822 square feet, and features 24 units. The unit mix includes 22 two-bedroom, one-bathroom units and 2 three-bedroom, one-bathroom units. Four units (21-24) have undergone complete renovations following a recent fire. These updated units boast new flooring, appliances (including ranges and hot water heaters), and a modernized sprinkler system, currently renting for $575 per month. The property sits on three parcels (APN: 025 018 007, 025 018 008, 025 018 006) and is zoned RMF2. With approximately 75% occupancy and the potential for full occupancy upon leasing the recently renovated units, this Class C property offers significant upside. The asking price is $1,008,000. This well-maintained complex presents a strong return on investment with considerable growth potential in a desirable location. The property's proximity to Uptown Columbus further enhances its appeal and rental prospects.

Highlights

  • Exceptional multifamily investment opportunity in Columbus, GA, located at 1202 Martin Luther King Jr Blvd, 31906.
  • Three single-story brick buildings totaling 16,822 square feet with 24 units (22 two-bedroom/one-bathroom, 2 three-bedroom/one-bathroom).
  • Four recently renovated units (units 21-24) with new flooring, appliances, and sprinkler system, renting for $575/month.
  • Situated on three parcels (APN: 025 018 007, 025 018 008, 025 018 006) and zoned RMF2.
  • Approximately 75% occupancy, Class C property, asking price $1,008,000.

Property Details for 1202 Martin Luther King Junior Blvd

Property type
Apartment buildings
Square Feet
16,822 SF
Class
C
Buildings
3
Stories
1

Location Insight

City
Columbus
County
Muscogee
State
Georgia
Latitude
32.4601287
Longitude
-84.9723034
1202 Martin Luther King Junior Blvd, Columbus, Georgia

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1202 Martin Luther King Junior Blvd
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