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1700 Martin Luther King Jr. Blvd
- Excellent Value-Add Multifamily Opportunity
- 2024 Property Renovation
- Recent Installation of Central HVAC Systems
- All Brick Building Exteriors
- 2025 HUD Small Area Fair Market Rents (SAFMR) at $930/month for 2BR
- 2025 HUD Small Area Fair Market Rents (SAFMR) at $1,240/month for 3BR
Property Description
The Wynnton Crossing II Apartments represents an excellent value-add multifamily investment opportunity located in Columbus, Georgia. The subject property consists of a total of ten (10) units consisting of four (4) 2BR/1BA units and six (6) 3BR/1BA units housed in a single garden-style, two-story walk up building with brick exterior facades. HUD's fiscal year 2025 Small Area Fair Market Rents (SAFMRs) of $930 per month for 2BR units and $1,240 per month for 3BR units in the subject property zip code presents significant upside potential for the value add investor to raise rents. Recent renovations of the subject property, including the addition of central heat and air, offer lower costs of operations and maintenance as well as ease of management.
Key Property Information
| Listing Status: | Available |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | Apartment Buildings |
| Price: | $785,000 |
| No. of Units: | 10 |
| Average Occupancy: | 11.96 |
| Year Built: | 1964 |
| Lot Size: | 0.48 Sq ft |
| Opportunity Zone: | No |
| Price per unit: | $78,500 |
| Property Website | Click Here |
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