2300 4th Ave - Apartments FOR SALE


Phenix City, AL 36867
$2,450,000 USD
754-202-2419
2300 4th Ave, Phenix City, AL for Sale
$2,450,000 USD
Apartments - FOR SALE
1/10
null | Request Cap Rate

2300 4th Ave
Phenix City, AL 36867


HIGHLIGHTS

  • Central Location: Minutes to Downtown Columbus, Fort Moore (Fort Benning), local hospitals, and key employers.
  • Value-Add Potential: Strong upside through interior renovations, strategic rent increases, and operational efficiencies.
  • Scale in a Single Purchase: Acquire 52 units within one block for operational efficiency.

OVERVIEW

Presenting the Hawthorne Apartments Portfolio, a stabilized two-parcel multifamily property totaling 52 units in the heart of Phenix City, Alabama. Situated on adjacent sites along 4th Avenue, this well-maintained, garden-style community provides investors with immediate scale, dependable cash flow, and rental upside in a steadily growing submarket of the Columbus–Phenix City MSA. Property Highlights • Total Units: 52 (mix of one- and two-bedroom floorplans) • Total Lot Size: ±5.04 acres (combined) • Combined Building Area: ±97,000 sq. ft. • Year Built: Circa 1950 (solid masonry construction) • Zoning: Apartments – 4 units & greater (multifamily) • Parking: Surface parking for residents and guests 2300 & 2400 4th Avenue • 52 units across approximately 97,000 sq. ft. • Situated on ±5.04 acres combined • Mix of one- and two-bedroom units • Classic garden-style design with two-story buildings Investment Highlights • Fully stabilized and income-producing asset • Recent upgrades supporting strong rental demand • City water & sewer with low-maintenance systems • Convenient location near schools, retail, and major highways ? Opportunity The Hawthorne Apartments Portfolio offers investors a well-located, solidly built asset with significant repositioning potential. Whether pursuing a light renovation strategy to capture market rents or a full modernization for long-term appreciation, this portfolio is poised for strong returns in a market with proven rental demand.

FOR SALE DETAILS

PRICE

$2,450,000 USD

PRICE/SF

$49 USD /SF

# OF UNITS

52

PRICE/UNIT

$47,115

CAP RATE

Request Cap Rate

% LEASED

51%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

2300 -2400 4th Ave, Phenix City, AL 36867

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1950

PARKING SPACES

9

LAND DETAILS

LAND ACRES

2.52 AC

LAND SF

109,771 SF

ZONING

O

APN/PARCEL ID

05-01-11-01-010-001.000

ASK ABOUT THIS PROPERTY

Mary BatistaReal Pro, IncMore Info
754-202-2419

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

Mary BatistaReal Pro, IncMore Info
754-202-2419

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