2229 Ticknor Dr
Columbus, GA 31901

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.