4848 Conner Rd - Apartments FOR SALE


Columbus, GA 31903- Southeast Columbus
$630,000 USD
404-422-7200
4848 Conner Rd, Columbus, GA for Sale
$630,000 USD
Apartments - FOR SALE
1/23
null | 16.35% Cap Rate

4848 Conner Rd
Columbus, GA 31903
Southeast Columbus


HIGHLIGHTS

  • Motivated Seller
  • Low Cost Basis
  • HUD 2025 Small Area Fair Market Rents of $930/mo. for 2BR Units in 31903 Zip Code
  • All 2BR/1BA Units
  • Each Building on Separate Tax Parcel Allows for Possible 1-4 Unit SFR Financing

OVERVIEW

The Conner Road Triplexes & Quadraplexes represent an excellent value-add multifamily investment opportunity located in Columbus, Georgia. The subject property consists of a total of two (2) Triplex units consisting of a total of six (6) 2BR/1BA units and two Quadraplex Units consisting of a total of eight (8) 2BR/1BA units. HUD's fiscal year 2025 Small Area Fair Market Rents (SAFMRs) of $930 per month for 2BR units in the subject property zip code presents significant upside potential for the value add investor to complete renovations and rents units in line with HUD rent guidance for 2025. Each Triplex and each Quadraplex is situated on its own tax parcel allowing ease of 1-4 family residential financing upon completion of renovation and provides opportunity to sell on a per building basis in the future.

FOR SALE DETAILS

PRICE

$630,000 USD

PRICE/SF

$263 USD /SF

# OF UNITS

14

PRICE/UNIT

$45,000

CAP RATE

16.35%

% LEASED

0%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1963

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.07 AC

LAND SF

46,609 SF

ZONING

RMF2

APN/PARCEL ID

090-025-031

ASK ABOUT THIS PROPERTY

Kory Pryor23 Realty Advisors, LLCMore Info
404-422-7200

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Kory Pryor23 Realty Advisors, LLCMore Info
404-422-7200

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.