213 16Th St Columbus, GA 31901
- Commercial real estate
- 2,334 SF
- 0.09 lot acres
Current Use by Public Records
- Commercial real estate
Property Details for 213 16Th St
- Year built
- 1912
- Construction
- WOOD
- Lot size
- 0.09 lot acres
- Property size
- 2,334 SF
- Property type
- Commercial real estate
- APN
- 005 007 006
- APU
- 5007006
Description
This exceptional investment opportunity is a lightly remodeled, two-story multifamily building located in Columbus, Georgia's vibrant Uptown district. The property comprises eight units: one two-bedroom apartment, six one-bedroom apartments, and one studio apartment, offering immediate cash flow potential. Situated on a 0.09-acre lot, the 4,552 square foot building benefits from its prime location near Columbus State University, St. Francis Hospital, and the Uptown Columbus entertainment district. Proximity to major employment centers, healthcare facilities, and transportation routes ensures a consistent tenant pool. The property's location offers easy access to numerous attractions, including the Chattahoochee Riverwalk, the Columbus Museum, the Columbus Civic Center, and the National Infantry Museum. This presents a strong value-add opportunity for investors seeking long-term appreciation in a rapidly developing area with high rental demand. The diverse mix of unit sizes ensures stable cash flow and potential for future rental income growth. This is an ideal investment for those seeking a turnkey property in a desirable and convenient location. The asking price is $800,000.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $125,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $125,000
- 6.5%
- $110,000
- 7%
- $110,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $120,000
- Geo Method
- $105,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $110,000
- Retail
- $105,000
- Mixed-Use
- $120,000
- Hospitality
- $100,000
- Educational
- $110,000
- Residential Income
- $115,000
- Energy
- $125,000
- Income-Based Land
- $125,000
- Food Service
- $125,000
Location Insight
- Map
- Local Demand
- City
- Columbus
- County
- Muscogee
- State
- Georgia
- Longitude
- -84.9895
- Latitude
- 32.4765
- CBSA code
- 17980
- CBSA name
- COLUMBUS, GA-AL METROPOLITAN STATISTICAL AREA