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2400 4th Ave 52 Unit Apartment Building $2,450,000 ($47,115/Unit) Phenix City, AL 36867
Investment Highlights
- The location benefits from regional connectivity to both Alabama and Georgia markets, supporting access to employment centers and healthcare
- Central location with convenient access to Downtown Columbus, Fort Moore, regional hospitals, and major employers throughout the area.
Executive Summary
2400 4th Avenue presents the opportunity to acquire a multifamily asset in Phenix City, Alabama, a market that benefits from its close relationship with Columbus, Georgia and the broader Chattahoochee Valley region. The property's location provides convenient access to Downtown Columbus, Fort Moore, regional healthcare facilities, educational institutions, and major employment centers that support ongoing housing demand. Positioned within an established residential area, the asset offers residents proximity to shopping, dining, neighborhood services, and transportation corridors connecting Alabama and Georgia.
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 |
1 1
Fairly walkable
40/100
Very drivable
80/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 05-01-11-01-010-001.000 | Improvements Assessment | $105,550 |
| Land Assessment | $12,530 | Total Assessment | $118,080 |
Property Taxes
Parcel Number
05-01-11-01-010-001.000
Land Assessment
$12,530
Improvements Assessment
$105,550
Total Assessment
$118,080
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2400 4th Ave
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