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3815-3823 Baker Plaza Dr
Columbus, GA 31903
Five Oaks Apartments · Multifamily Property For Sale
·
40 Units
Investment Highlights
- 100% occupied
- New roofs, additional exterior and interior improvements
- Area to add a neighborhood amenity or laundry room
- Below market rents
- New high school and additional developments adjacent to the property
- Situated on 1.32 acres with convenient access to primary transportation corridors and local amenities.
Executive Summary
Marcus & Millichap is pleased to present for sale Five Oaks Apartments in Columbus, GA. A cash flowing, fully stabilized asset in a major Georgia secondary market, this property is an operational value-add opportunity with rents around $100 below market. The property has recently undergone around a $450k renovation including the roofs, HVACs and interiors.
With a strong, stable economy supported by major companies and the Fort Moore military base, Columbus, GA boasts a strong economy. The city is growing faster than many other parts of the state, thanks to new projects in manufacturing, tech, and aerospace, including a massive multi-billion dollar data center investment. With a major downtown renovation and a clear plan to continue creating jobs, Columbus offers long-term stability and increasing demand for housing.
With a strong, stable economy supported by major companies and the Fort Moore military base, Columbus, GA boasts a strong economy. The city is growing faster than many other parts of the state, thanks to new projects in manufacturing, tech, and aerospace, including a massive multi-billion dollar data center investment. With a major downtown renovation and a clear plan to continue creating jobs, Columbus offers long-term stability and increasing demand for housing.
Property Facts
| Price Per Unit | $63,750 | Lot Size | 1.30 AC |
| Sale Type | Investment | Building Size | 29,000 SF |
| No. Units | 40 | Average Occupancy | 98% |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built | 1971 |
| Apartment Style | Low-Rise | Opportunity Zone |
Yes
|
| Building Class | B | ||
| Zoning | N/A - No Zoning | ||
| Price Per Unit | $63,750 |
| Sale Type | Investment |
| No. Units | 40 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | B |
| Lot Size | 1.30 AC |
| Building Size | 29,000 SF |
| Average Occupancy | 98% |
| No. Stories | 2 |
| Year Built | 1971 |
| Opportunity Zone |
Yes |
| Zoning | N/A - No Zoning |
Amenities
Unit Amenities
- Kitchen
- Refrigerator
- Oven
- Range
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 40 | - | - |
Property Taxes
| Parcel Numbers | Improvements Assessment | $374,214 | |
| Land Assessment | $55,200 | Total Assessment | $429,414 |
Property Taxes
Parcel Numbers
Land Assessment
$55,200
Improvements Assessment
$374,214
Total Assessment
$429,414
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