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$ 3,500,000
Est. payment /mo
Active
2605 Jones Avenue Columbus, GA 31904
1,628 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 1,628 sqft
Price per Sqft $2,149
MLS Listing ID 233879
Year Built 1914
Lot Size 5,662 Sqft
Property Sub-Type Commercial
Property Description
Rare opportunity to acquire a pre assembled 61 unit rental portfolio in a single transaction, offering investors immediate scale, diversification, and multiple avenues for value creation. The portfolio includes a mix of single family and residential multifamily properties, providing a compelling combination of current rental income, high occupancy, and long term appreciation potential. With an approximate basis of just $57,000 per unit, the portfolio offers an attractive entry point for investors seeking meaningful rental housing scale without the time, expense, and complexity of assembling a portfolio one property at a time. High occupancy provides an established income base, while the existing portfolio offers significant potential for further growth. Value add opportunities include increasing rents toward market levels, completing targeted renovations, and implementing operational improvements to enhance performance and overall portfolio value. The combination of a low basis, strong occupancy, and identifiable upside creates an attractive platform for both income growth and long term appreciation. Located near Fort Benning and major area employers, the portfolio benefits from proximity to established employment centers and sustained demand for affordable rental housing. Its scattered site structure provides additional diversification across properties and asset types, while allowing investors to acquire substantial rental housing scale through one transaction. The portfolio is offered as is, providing investors the opportunity to evaluate the existing assets and pursue their own renovation, management, and repositioning strategies. For investors seeking scale, an attractive price per door, high occupancy and value add potential, this 61 unit portfolio represents a rare opportunity to acquire a substantial rental housing portfolio that is already assembled and operating, with meaningful opportunity to enhance performance and create additional value.
Location
State GA
Area Muscogee
Interior
Heating Other Type-See Remarks
Cooling Other-See Remarks
Flooring Other-See Remarks
Exterior
Utilities Available Electricity Available, Natural Gas Available, Phone Available, Sewer Available, Water Available
Roof Type Other
Building
Lot Description Free Standing
Others
Special Listing Condition Standard
Listed by G2 Commercial Real Estate