Ticknor Place

2229-2233 Ticknor Dr , Columbus, GA 31901

  • For Sale $745,000
  • Property Type Multi-Family
  • Property Size 13,600 SF
  • Units 16
  • Lot Size 0.48 Acre
  • Additional Rent Contact for pricing
  • Property Tenancy Multi-Tenant
  • Year Built 1965
  • Date Updated Oct 13, 2024
Explore the dynamic surroundings of Ticknor Place in the thriving Columbus market. This sought-after investment area offers proximity to key points of interest, including the Columbus Convention & Trade Center, a premier venue for business gatherings and events. Nearby, investors will find an array of dining, retail, and investment opportunities, creating a vibrant atmosphere that complements the potential of this apartment complex. With its strategic location in Columbus, the area provides an appealing blend of convenience and accessibility, making it an attractive choice for multifamily investors seeking value add opportunities in this bustling market.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. 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 increase the value of this property.. Although this property has rented weekly rentals it's being sold based on the following 8 units at $58k per finished unit ($504k) 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.

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Attachments

Highlights

  • - 2b/1ba
  • - 13,500 +/- SF building
  • - 16 units
  • - Two 8 unit buildings
  • - 1 building vacant (interior incomplete)
  • - Built in 1965
  • - Zoned C3 - Commercial Lots
  • - Located in Columbus Market area

Contacts

broker

Derrick Carswell

eXp Commercial

Location

Getting Around

  • Walk Score ®

    62/100 Somewhat Walkable
  • Bike Score ®

    39/100 Somewhat Bikeable
Powered by Walk Score ®
  • City Columbus, GA
  • Zip Code 31901
  • Market Columbus GA

Points of Interest

  • Circle K

    0.08 miles

  • Liberty

    0.37 miles

  • Walmart

    0.86 miles

  • RaceWay

    0.89 miles

  • Chevron

    0.90 miles

  • 76

    1.55 miles

  • Shell

    2.49 miles

  • Marathon

    3.89 miles

  • ChargePoint

    6.52 miles

  • Aflac Visitor Parking - ASC

    3.66 miles

  • Aflac Parking - ASC South

    3.68 miles

  • Aflac Parking - ASC North

    3.84 miles

  • Communicorp Parking

    3.96 miles

  • Aflac Parking - CSC/Tower

    3.96 miles

  • Aflac Parking Garage

    4.01 miles

  • Aflac - Jeannette Ave Parking

    4.04 miles

  • Aflac Parking

    4.06 miles

  • Aflac - Visitor Parking

    4.09 miles

  • MCSD bus transfer station

    4.36 miles

  • Holiday Inn

    0.14 miles

  • Colony Inn

    0.42 miles

  • Hawthorn Suites

    0.48 miles

  • Travel Inn

    0.57 miles

  • Plaza Motel

    0.70 miles

  • Econo Lodge

    0.96 miles

  • Georgian

    0.97 miles

  • Thunderbird

    1.03 miles

  • Candlewood Suites

    1.19 miles

  • Hampton Inn & Suites

    1.35 miles

  • Papa John's

    0.15 miles

  • Subway

    0.22 miles

  • WnB Factory

    0.23 miles

  • Shark's Fish & Chicken

    0.27 miles

  • Krispy Krunchy Chicken

    0.36 miles

  • Burger King

    0.37 miles

  • JJ's Restaurant

    0.48 miles

  • Waffle House

    0.54 miles

  • Wendy's

    0.56 miles

  • BJT Wings

    0.70 miles

  • Eddy Junior High School

    0.43 miles

  • South Columbus School

    0.53 miles

  • Benning Hill School

    0.56 miles

  • William H Spencer High School

    0.68 miles

  • Frank Lloyd Elementary School

    0.91 miles

  • Our Lady of Lourdes School

    1.12 miles

  • Baker Village School

    1.15 miles

  • Muscogee Elementary School

    1.31 miles

  • Key Elementary School

    1.44 miles

  • William H. Spencer High School

    1.52 miles

  • Rose Hill Family Care

    7.51 miles

  • Childcare Network

    9.01 miles

Frequently Asked Questions

How much does Ticknor Place cost?

The space currently listed for sale at Ticknor Place asks for $745,000.

What is the total square footage of Ticknor Place?

Ticknor Place totals 13,600 square feet.

When was this property built?

Ticknor Place was built in 1965.

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Contact Listing Broker

broker

Derrick Carswell

eXp Commercial