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605 N Columbia St
Milledgeville, GA 31061
Prospect A - Class A Student Housing · Multifamily Property For Sale
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37 Units
Investment Highlights
- 99.2% Occupied and 97.87% Pre-Leased with average rents at $644/ bed
- Under rented by over $70/ bed on their 3BR floorplans and over $150/ bed on their 4BR Floorplans
- Assumable non-recourse debt with Fannie ~ 4.87%, 30 year AM and May 2030 Maturity Date
- 1 block from GCSU and 3 blocks from Downtown Milledgeville
- Features include LVP flooring, dark wood cabinets, stainless steel appliances and pendant light fixtures
Property Facts
| No. Units | 37 | Lot Size | 2.64 AC |
| Property Type | Multifamily | Building Size | 53,544 SF |
| Property Subtype | Apartment | No. Stories | 3 |
| Apartment Style | Low-Rise | Year Built | 1900 |
| Building Class | B | Parking Ratio | 3.5/1,000 SF |
| Zoning | 001 | ||
| No. Units | 37 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | B |
| Lot Size | 2.64 AC |
| Building Size | 53,544 SF |
| No. Stories | 3 |
| Year Built | 1900 |
| Parking Ratio | 3.5/1,000 SF |
| Zoning | 001 |
Amenities
Unit Amenities
- Air Conditioning
- Microwave
- Washer/Dryer
- Heating
- Ceiling Fans
- Eat-in Kitchen
- Kitchen
- Refrigerator
- Oven
- Stainless Steel Appliances
- Range
- Tub/Shower
- Freezer
- Island Kitchen
Site Amenities
- 24 Hour Access
- Fitness Center
- Pool
- Property Manager on Site
- Grill
- Community-Wide WiFi
- Maintenance on site
- Public Transportation
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 4+4 | 30 | - | - |
| 3+3 | 7 | - | - |
Property Taxes
| Parcel Number | M58-054 | Improvements Assessment | $1,778,636 |
| Land Assessment | $105,600 | Total Assessment | $1,884,236 |
Property Taxes
Parcel Number
M58-054
Land Assessment
$105,600
Improvements Assessment
$1,778,636
Total Assessment
$1,884,236
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