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2229 Ticknor Dr

Columbus, GA 31901
  • $825,000
  • STATUS: Active
  • ON SITE: 44 Days
  • MLS #: 10313109
UPDATED: 125 min ago
$825,000
  • 0
    BEDS
  • 0.48
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 13,600
    SQFT
  • $61
    $/SQFT
Type:
Commercial
Built:
1965
County:
Area:

School Ratings & Info

Description

We have a 16-unit Apartment complex available in Columbus, GA priced at $825,000. This requires Proof of Funds and a signed NDA. The property is a temporary rental property. Tenants pay the seller on a weekly basis which makes the NOI variable. The property is a Mom-and-Pop business that doesn't do any financial record keeping. This place provides temporary residency for tenants on a weekly basis. The seller only provided EXP Commercial & Carswell Commercial REI with a screen shot of the rent roll that we transferred over 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. The price has been adjusted on the second building in the listing price. Completion of the second building interior could double the gross rent and NOI. 1. 1st buildings is 88% occupied. Occupancy rates can change due to the temporary occupancy. The 2nd building (interior shell) is vacant and will need the interior completed. 2. The 2nd unit will need all electrical, plumbing (from slab upwards), flooring, drywall, appliances, etc. 3. All plumbing and electrical utilities in the vacant building will need to be connected from the road to the building. 4. The buyer may want to completely update the occupied units since they have not been updated. 5. In our opinion the second unit may cost approximately $25k-$30k per door or more to complete. 6. In our opinion it may be better for a Buyer to turn the temporary rentals into a six-months and gradually to yearly term rentals. 7. We suggest that all serious Buyers visit the property after showing proof of funds and signing an NDA.

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Georgia MLS logo© 2024 Georgia Multiple Listing Service, Inc. All rights reserved. The data relating to real estate for sale or lease on this web site comes in part from GAMLS. Real estate listings held by brokerage firms other than The Jamie Moorman Team | Southern Classic Realtors are marked with the GAMLS logo or an abbreviated logo and detailed information about them includes the name of the listing broker. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by GAMLS or The Jamie Moorman Team | Southern Classic Realtors. Data last updated: 2024-07-20T19:10:48.067.
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2229 Ticknor Dr Columbus, GA 31901

  • Price: $825,000
  • Status: Active
  • On Site: 44 Days
  • Updated: 125 min ago
  • MLS #: 10313109
0
Beds
0
Baths
0
½ Baths
0.48
Acres
13,600
SQFT
$61
$/SQFT
1965
Built
County:
Muscogee
Area:
Columbus
Property Description
We have a 16-unit Apartment complex available in Columbus, GA priced at $825,000. This requires Proof of Funds and a signed NDA. The property is a temporary rental property. Tenants pay the seller on a weekly basis which makes the NOI variable. The property is a Mom-and-Pop business that doesn't do any financial record keeping. This place provides temporary residency for tenants on a weekly basis. The seller only provided EXP Commercial & Carswell Commercial REI with a screen shot of the rent roll that we transferred over 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. The price has been adjusted on the second building in the listing price. Completion of the second building interior could double the gross rent and NOI. 1. 1st buildings is 88% occupied. Occupancy rates can change due to the temporary occupancy. The 2nd building (interior shell) is vacant and will need the interior completed. 2. The 2nd unit will need all electrical, plumbing (from slab upwards), flooring, drywall, appliances, etc. 3. All plumbing and electrical utilities in the vacant building will need to be connected from the road to the building. 4. The buyer may want to completely update the occupied units since they have not been updated. 5. In our opinion the second unit may cost approximately $25k-$30k per door or more to complete. 6. In our opinion it may be better for a Buyer to turn the temporary rentals into a six-months and gradually to yearly term rentals. 7. We suggest that all serious Buyers visit the property after showing proof of funds and signing an NDA.
Exterior Features

Attached Garage YN No Carport YN No Construction Materials Brick Garage YN No Lot Features Interior LotLevel Lot Size Area 20908.8 Lot Size Source Public Records Lot Size Units Square Feet Parking Features Parking Lot

Interior Features

Above Grade Finished Area Units Square Feet Below Grade Finished Area Units Square Feet Building Area Total 13600 Building Area Units Square Feet Cooling Central Air Cooling YN Yes Heating Central Heating YN Yes Living Area Source Public Records Living Area Units Square Feet

Property Features

Business Type Other Electric On Property YN Yes New Construction YN No Property Condition Resale Property Sub Type Commercial Sewer Public Sewer Tax Annual Amount 226446 Tax Year 2024 Utilities Electricity Available Water Source Public

GAMLS logo Listing provided courtesy of eXp Commercial: 888-959-9461. © 2024 Georgia Multiple Listing Service, Inc. All rights reserved. Information Deemed Reliable But Not Guaranteed.


Georgia MLS logo© 2024 Georgia Multiple Listing Service, Inc. All rights reserved. The data relating to real estate for sale or lease on this web site comes in part from GAMLS. Real estate listings held by brokerage firms other than The Jamie Moorman Team | Southern Classic Realtors are marked with the GAMLS logo or an abbreviated logo and detailed information about them includes the name of the listing broker. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by GAMLS or The Jamie Moorman Team | Southern Classic Realtors. Data last updated: 2024-07-20T19:10:48.067.
 
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Warner Robins GA, 31088.