Presenting the Hawthorne Apartments Portfolio, a rare two-parcel, value-add multifamily opportunity totaling 104 units in the heart of Phenix City, Alabama. Situated on adjacent sites along 4th Avenue, these garden-style communities provide investors with immediate scale and strong rental upside in a steadily growing submarket of the Columbus–Phenix City MSA.
Property Highlights
• Total Units: 52 (combination 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
Individual Property Details
2300 4th Avenue
• ±52 units across approx. 60,000 sq. ft.
• Sits on ±2.52 acres
• Classic garden-style design with two-story buildings
2400 4th Avenue
• ±52 units across approx. 37,000 sq. ft.
• Sits on ±2.52 acres
• Mix of 44 two-bed/1-bath and 8 one-bed/1-bath units
Investment Highlights
• Value-Add Potential: Strong upside through interior renovations, strategic rent increases, and operational efficiencies.
• Central Location: Minutes to Downtown Columbus, Fort Moore (Fort Benning), local hospitals, and key employers.
• Stable Tenant Base: Consistent occupancy supported by a diverse workforce and local amenities.
• Scale in a Single Purchase: Acquire 104 units within one block for operational efficiency.
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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.
