2229 Ticknor Dr
Columbus, GA, 31901 $ 699,900
Baths0.0 Sq 13,600 Monthly Estimate*
$ 4,652
Studio
for $699,900. This 13,600 square foot building was built in 1965 on a lot size of 0.48.
Ticknor Place is a multifamily investor's dream flip opportunity. 2229-2233 Ticknor Place is a 16-unit apartment complex consisting of two-eight-unit buildings on a half-acre. Ticknor Place is perfectly located close to Holiday Inn Express, Traffic Circle Plaza Shopping Center, Papa Johns, Walmart, Valley Health Care System, and Candlewood Suites. Located within 400 feet of the newly resurfaced Martha Berry Hwy, you are just a few feet away from shopping centers, restaurants and less than 1.5 miles to I-185. Ticknor Place is a 16-unit two-bedroom one-bathroom complex. The 8 units at 2229 Ticknor Place are finished units. The 8 interior units at 2233 Ticknor Place are unfinished (shell interior), showing the upper and lower levels studs. The exterior portion of 2233 Ticknor is completed. These properties are next to each other on the two lots and are sold together under one deed. 2229 Ticknor occupancy ranges upward up to 87% occupied. Ticknor Place has been operated as a weekly temporary residency. Occupancy rates can change due to temporary occupancy. The 2nd building (interior shell) is vacant and will need the interior completed. 2233 Ticknor will need all electrical, plumbing (from slab upwards), flooring, drywall, appliances, etc, to complete the interior portion of this building. We are seeking buyers who are looking for a Value Ad & to turn the temporary rentals into six-month rentals and then gradually to permanent yearly term rentals Compared to all the metro cities in Georgia and Florida, there are no 16-unit two-story apartment complexes available for under $1,00,000. 2229 & 2233 Ticknor Dr. Columbus, Georgia gives a multifamily investor with the cash flow and a construction team the 400-yard advantage over all other types of investors who lack cash flow and a construction team. A team that can complete the interior shell of 2233 Ticknor Dr and renovate the occupied building (2229 Ticknor) in 2-3 months while pre-leasing units could be at 80-90% occupancy within the twelfth month from the purchase date. If you have the cash flow, team, and proven multifamily construction track record, contact Derrick or Ty. The property is a Mom-and-pop business that doesn't do any financial record keeping. This place provides temporary residency for tenants weekly. The seller only provided EXP Commercial & Carswell Commercial REI with a screenshot of the rent roll we transferred to the Offering Memorandum. EXP Commercial & Carswell Commercial REI make no claims or guarantees on the financials of this property and can't verify the accuracy of the financial statements. Completing the second building's interior could double the gross rent, CAP, and NOI. Although this property has rented weekly rentals it's being sold based on the following 8 units at $58k per finished unit ($464k) and 8 units at $30k per unfinished unit ($240k) and off of the suggested property value. Parking Description: 13 Park Spaces Asphalt and Parking Slab Utility Description: Each apartment has separate electric meters. Water is on one meter. The complex doesn't use natural gas. Construction Description: Wood Framing, brick exterior siding, concrete slab.
See more
FeaturesGeneralSewer Public Sewer
Heating Central
Cooling Central Air
Utilities Electricity Available
Construction Materials Brick
Year Built 1965
Property SubType Commercial
Tax Year 2024
Business Type Other
County Muscogee
New Construction N
Property Type Commercial Sale
Home Owner Assoc N
Attached Garage N
Garage Y/N N
Status Active
Directions From Atlanta travel I-85 S towards Montgomery/Columbus 49.5 mi Take exit 21 for I-185 S toward Columbus 2.8 mi Continue onto I-185 S 47.6 mi Take exit 1B for US-27 N/GA-1 N/US-280 W/GA-520 W/Vi
City Columbus
View Y/N N
Senior Community Y/N N
Lot Size Units Square Feet
Lot Size Square Feet 20908.8
Waterfront Y/N N
Carport Y/N N
Property Attached Y/N N
Land Lease Y/N N
Tax Annual Amount 226446
Home Warranty Y/N N
Property Condition Resale
Building Area Units Square Feet
Living Area Units Square Feet
Standard Status Active
See more
ExteriorParking Features Parking Lot
Lot Features Interior Lot Level
Water Source Public
Lot Size Area 20908.8
Number of Buildings 2
Spa N
Building Area Total 13600
Lot Size Acres 0.48
Lot Size Source Public Records
Open Parking Y/N N
Horse Y/N N
See more
InteriorAir Conditioning Y/N Y
Heating Y/N Y
Fireplace Y/N N
Electric On Property Y/N Y
Below Grade Finished Area Unit Type Square Feet
Above Grade Finished Area Unit Type Square Feet
See more
* Excluded FeaturesList Byderrick.carswell@expcommercial.comEmail
Affordability Calculator
- Monthly Principal & Interest
- $4,652
- Monthly Property Taxes
- $18,871
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
Learn more about how to save NearbyCommerical listings in Columbus, GA
Average List Price $638,571
Percent of Sale Price 9%
About Columbus, GA 192,015 Population
3% Since 2002
$ 43,756 Median Income
35.06 Median Age
31% Households with Children
Trends Information provided by ATTOM Data Solutions.
4136269 Elementary School
4136505 Middle School
Unknown High School High School
Pricing HistoryDate | Price | Price Change | Description |
---|
8/30/2024 | $699,900 | -15.16% | Price Down |
6/15/2024 | $825,000 | -5.71% | Price Down |
6/6/2024 | $875,000 | | Listed Price |