1202 Martin Luther King Jr Blvd - Apartments FOR SALE


Columbus, GA 31906- Midtown Columbus
$1,008,000 USD
706-289-2468
1202 Martin Luther King Jr Blvd, Columbus, GA for Sale
$1,008,000 USD
Apartments - FOR SALE
1/11
null | Request Cap Rate

1202 Martin Luther King Jr Blvd
Columbus, GA 31906
Midtown Columbus


HIGHLIGHTS

  • Located less than 2 miles from Uptown Columbus
  • Ample parking for tentants
  • Four completely renovated units
  • Proximity to major highways and public transportation

OVERVIEW

This well-maintained multi-family property is located less than 2 miles from Uptown Columbus, GA, and consists of three single-story brick buildings. The complex consists of a total of 24 units, including 22 two-bedroom, one-bath units and 2 three-bedroom, one-bath units. Four units (Units 21-24) have recently been fully renovated following a fire, and now feature updated interiors, including new flooring, appliances (range and hot water heaters), and a modernized sprinkler system. These newly renovated units are available for rent at $575 per month. Currently, the property is approximately 75% occupied, with the newly renovated units expected to be leased in the near future. This is a great investment opportunity with significant potential for growth.

FOR SALE DETAILS

PRICE

$1,008,000 USD

PRICE/SF

$60 USD /SF

# OF UNITS

24

PRICE/UNIT

$42,000

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1963

PARKING SPACES

35

LAND DETAILS

LAND ACRES

1.87 AC

LAND SF

81,411 SF

ZONING

-

APN/PARCEL ID

025-018-006,025-018-007,025-018-008

ASK ABOUT THIS PROPERTY

Carson CummingsColdwell Banker Commercial Kennon, Parker, DuncanMore Info
706-289-2468

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Carson CummingsColdwell Banker Commercial Kennon, Parker, DuncanMore Info
706-289-2468

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.