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Property profile & analytics
OFF-MARKET
Apartment buildings

1202 Martin Luther King Junior Blvd Columbus, GA 31906

16,822 SF
Property ID
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Apartment buildings
Total area 16,822 SF
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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