1202 Martin Luther King Junior Blvd Columbus, GA 31906
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.