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2400 4th Ave, Phenix City, AL 36867 2400 4th Ave 52 Unit Apartment Building $2,450,000 ($47,115/Unit) Phenix City, AL 36867
INVESTMENT HIGHLIGHTS
- Central Location: Minutes to Downtown Columbus, Fort Moore (Fort Benning), local hospitals, and key employers.
- Scale in a Single Purchase: Acquire 52 units within one block for operational efficiency.
- Value-Add Potential: Strong upside through interior renovations, strategic rent increases, and operational efficiencies.
EXECUTIVE SUMMARY
Presenting the Hawthorne Apartments Portfolio, a stabilized two-parcel multifamily property totaling 52 units in the heart of Phenix City, Alabama. Situated on adjacent sites along 4th Avenue, this well-maintained, garden-style community provides investors with immediate scale, dependable cash flow, and rental upside in a steadily growing submarket of the Columbus–Phenix City MSA.
Property Highlights
• Total Units: 52 (mix of one- and two-bedroom floorplans)
• Total Lot Size: ±5.04 acres (combined)
• Combined Building Area: ±97,000 sq. ft.
• Year Built: Circa 1950 (solid masonry construction)
• Zoning: Apartments – 4 units & greater (multifamily)
• Parking: Surface parking for residents and guests
2300 & 2400 4th Avenue
• 52 units across approximately 97,000 sq. ft.
• Situated on ±5.04 acres combined
• Mix of one- and two-bedroom units
• Classic garden-style design with two-story buildings
Investment Highlights
• Fully stabilized and income-producing asset
• Recent upgrades supporting strong rental demand
• City water & sewer with low-maintenance systems
• Convenient location near schools, retail, and major highways
?
Opportunity
The Hawthorne Apartments Portfolio offers investors a well-located, solidly built asset with significant repositioning potential. Whether pursuing a light renovation strategy to capture market rents or a full modernization for long-term appreciation, this portfolio is poised for strong returns in a market with proven rental demand.
Property Highlights
• Total Units: 52 (mix of one- and two-bedroom floorplans)
• Total Lot Size: ±5.04 acres (combined)
• Combined Building Area: ±97,000 sq. ft.
• Year Built: Circa 1950 (solid masonry construction)
• Zoning: Apartments – 4 units & greater (multifamily)
• Parking: Surface parking for residents and guests
2300 & 2400 4th Avenue
• 52 units across approximately 97,000 sq. ft.
• Situated on ±5.04 acres combined
• Mix of one- and two-bedroom units
• Classic garden-style design with two-story buildings
Investment Highlights
• Fully stabilized and income-producing asset
• Recent upgrades supporting strong rental demand
• City water & sewer with low-maintenance systems
• Convenient location near schools, retail, and major highways
?
Opportunity
The Hawthorne Apartments Portfolio offers investors a well-located, solidly built asset with significant repositioning potential. Whether pursuing a light renovation strategy to capture market rents or a full modernization for long-term appreciation, this portfolio is poised for strong returns in a market with proven rental demand.
PROPERTY FACTS
| Price | $2,450,000 | Building Class | C |
| Price Per Unit | $47,115 | Lot Size | 2.52 AC |
| Sale Type | Investment | Building Size | 50,392 SF |
| No. Units | 52 | Average Occupancy | 51% |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built | 1950 |
| Apartment Style | Garden | Parking Ratio | 0.17/1,000 SF |
| Zoning | O | ||
| Price | $2,450,000 |
| Price Per Unit | $47,115 |
| Sale Type | Investment |
| No. Units | 52 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 2.52 AC |
| Building Size | 50,392 SF |
| Average Occupancy | 51% |
| No. Stories | 2 |
| Year Built | 1950 |
| Parking Ratio | 0.17/1,000 SF |
| Zoning | O |
AMENITIES
- Smoke Detector
UNIT AMENITIES
- Air Conditioning
- Microwave
- Heating
- Kitchen
- Oven
- Range
- Tub/Shower
SITE AMENITIES
- Laundry Facilities
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 9 | - | 800 |
| 2+1 | 43 | - | 1,200 |
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PROPERTY TAXES
| Parcel Number | 05-01-11-01-010-001.000 | Improvements Assessment | $211,100 |
| Land Assessment | $25,060 | Total Assessment | $236,160 |
PROPERTY TAXES
Parcel Number
05-01-11-01-010-001.000
Land Assessment
$25,060
Improvements Assessment
$211,100
Total Assessment
$236,160
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2400 4th Ave, Phenix City, AL 36867 | 2400 4th Ave
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