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Portfolio For Sale
Columbus, GA
Multifamily Property For Sale · 48 Units

INVESTMENT HIGHLIGHTS

  • Columbus, GA, is the second largest city in the state of Georgia by population.
  • Significant value-add opportunity to renovate the remaining 74 "classic units” and raise rents to be at or above market rate.
  • Effective economies of scale as all five properties are located within close proximity of each other.
  • Average in-place rents are $830/month with an opportunity to increase to $995/month.
  • 13 of the 24 roofs were replaced in 2021 with metal roofs and one shingle roof.
  • There is significant rental growth as rents have increased by 3.5% over the past 12 months in Columbus, GA.

PROPERTY FACTS

No. Units 48
Property Type Multifamily
Apartment Style Garden
No. Stories 2
Parking Ratio 2.05/1,000 SF
APN / Parcel ID 083-045-002
Zoning C5

AMENITIES

UNIT AMENITIES

  • Air Conditioning
  • Balcony
  • Storage Space
  • Washer/Dryer Hookup
  • Heating
  • Kitchen
  • Refrigerator
  • Range

SITE AMENITIES

  • 24 Hour Access
  • Laundry Facilities
  • Property Manager on Site
  • Online Services
  • Listing ID: 34251928

  • Date on Market: 12/20/2024

  • Last Updated:

  • Address: Columbus, GA