1213 Martin Luther King Junior Blvd Columbus, GA 31906
- Apartment buildings
- 2.01 lot acres
Current Use by Public Records
- Apartment buildings
Property Details for 1213 Martin Luther King Junior Blvd
- Year built
- 1965
- Lot size
- 2.01 lot acres
- Property type
- Apartment buildings
Description
This exceptional value-add multifamily investment opportunity encompasses two properties located at 1213 and 1700 Martin Luther King Jr Blvd in Columbus, Georgia. The combined portfolio consists of 32 units spread across three buildings, each two stories high, situated on a 2.01-acre lot. Built in 1964 and 1965, these properties underwent significant renovations in 2023 and 2024, encompassing upgrades to HVAC systems, roofing, and countertops. The properties are zoned LMI/NC. One property, Wyntton Crossings, features 22 units, primarily two-bedroom, one-bathroom layouts, with one three-bedroom, one-bathroom unit. The other, Virginia Arms, includes 10 units with a similar unit mix. Currently, both complexes offer below-market rents, presenting a significant opportunity to increase profitability through strategic rent adjustments. The asking price is $2,400,000, translating to an attractive price per unit of $75,000. This presents a compelling investment opportunity in the Columbus, GA market with significant potential for increased returns. The properties are conveniently located in Muscogee County, GA, zip code 31906.
Value Estimation
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Columbus
- County
- Muscogee
- State
- Georgia
- Longitude
- -84.9729
- Latitude
- 32.4601
