MULTI_FAMILY - Columbus, GA
New Investment Opportunity in Midtown! Here's your chance to own a rare 6-unit multifamily property in desirable Weracoba Heights, right on the picturesque 16th Ave. This property offers INCREDIBLE POTENTIAL for a savvy investor ready to put in the work and bring this gem up to its full earning power. The main brick house holds 5 units, plus a detached cottage in the back - for a total of 6 rental opportunities. Currently, Units 1 & 5 are vacant and available for viewing, with Unit 3 expected to be available soon. The property features onsite & street parking and sits just two blocks from Lakebottom Park, in one of Columbus's most sought-after locations - convenient to everything in Midtown, Uptown, CSU, dining, shopping, and entertainment. While producing income, this property is primed for updating and repositioning. Current rents: Unit 2 at $850, Unit 3 at $925, and Unit 4 at $500. Hi...
New Investment Opportunity in Midtown! Here's your chance to own a rare 6-unit multifamily property in desirable Weracoba Heights, right on the picturesque 16th Ave. This property offers INCREDIBLE POTENTIAL for a savvy investor ready to put in the work and bring this gem up to its full earning power. The main brick house holds 5 units, plus a detached cottage in the back - for a total of 6 rental opportunities. Currently, Units 1 & 5 are vacant and available for viewing, with Unit 3 expected to be available soon. The property features onsite & street parking and sits just two blocks from Lakebottom Park, in one of Columbus's most sought-after locations - convenient to everything in Midtown, Uptown, CSU, dining, shopping, and entertainment. While producing income, this property is primed for updating and repositioning. Current rents: Unit 2 at $850, Unit 3 at $925, and Unit 4 at $500. Historically, the cottage rented for $800, Unit 1 for $850, & Unit 5 for $700, bringing in $4,700/month when fully occupied. Strategic upgrades offer excellent potential to increase rents and cash flow. Part of an Estate Sale that has cleared Probate, this property does not include Rent Rolls or T12 reports. The previous owner accepted cash payments and managed the property personally well into her 90s. This is perfect for an investor who wants to create real value - renovate interiors, update systems, enhance curb appeal, and watch this asset transform into a top-of-market performer. Two storage sheds provide extra income potential. Utilities are included in the current rent prices. Opportunities like this are rare in Midtown. Get ready to roll up your sleeves and transform this hidden gem into a sparkling diamond! Schedule your private tour today - Units 1 and 5 may be viewed by appointment, with Units 2, 4, & the cottage available during Due Diligence. Please do not disturb tenants.
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