5-Property Multi-Family Portfolio Multi-Family FOR SALE


Columbus, GA - East Columbus
$14,522,000 USD
754-258-5750
, Columbus, GA for Sale
$14,522,000 USD
Multi-Family - FOR SALE
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5-Property Multi-Family Portfolio
Columbus, GA
East Columbus


HIGHLIGHTS

  • Columbus, GA is the 2nd Largest City in the State of Georgia by Population
  • Average In-Place Rents are $830/Month With an Opportunity to Increase to $995/Month
  • Value-Add Opportunity to Renovate the Remaining 74 "Classic Units” and Raise Rents to Market Rate
  • 13 of the 24 Roofs Were Replaced in 2021 With Metal Roofs and 1 Shingle Roof
  • Effective Economies of Scale as All 5 Properties Are Located Within Close Proximity of Each Other
  • Significant Rental Growth as Rents Have Increased By 3.5% Over the Past 12 Months in Columbus, GA

OVERVIEW

Sands Investment Group is Pleased to Present This Offering of a 5-Property Multi-Family Portfolio Located in the Heart of Columbus, GA. This Portfolio is Comprised of Cooper Cove Apartments, Fox Run Townhouses, Carolyne Ridge Apartments, Sheffield Drive Apartments And Talbotton Road Apartments. Totaling 180 Units With a Portfolio Unit Mix of 48 Units, 32 Units, 32 Units, 34 Units and 34 Units. Strategically Located Within Minutes Of Each Other Providing Effective Economies of Scale With a Year of Completion Ranging From 2004 - 1962. New Ownership Will Benefit From Over $680,000 In Capital Improvements Over The Last 3 Years Through the Replacement of Newer Roofs, Newer HVACs, Kitchen Remodels, Paint & Flooring Upgrades. Extra Land Available On All 5 Properties, Providing an Opportunity To Upgrade Amenity Package With Playgrounds, Dog Parks, Grills, Picnic Tables, Benches, Cabanas And Fitness Areas. A Significant Value-Add Opportunity to Renovate the Remaining 74 Classic Units and Raise Rents to Market Rate. New Ownership Can Capitalize on a Significant Loss-to-Lease With Proven In Place Rents Being Filled at Market Rate. 15 Units Are Currently Vacant & Have Received Renovations Primed For Immediate Lease Up. An Implementation Of a R.U.B.S. Program Will Notably Increase the Net Operating Income As Current Ownership Pays Water And Trash Utility. Columbus, GA Is The 2nd Largest City In Georgia And Home To Columbus State University, Aflac Headquarters, Kia Motors Manufacturing Plant, United States Military Base (Fort Moore) And Many Other Economic Drivers. In Cooperation With Sands Investment Group Atlanta, LLC - Lic. #67374 BoR: Andrew Ackerman - Lic. GA #311619

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Andy JonesSands Investment GroupMore Info
754-258-5750

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Andy JonesSands Investment GroupMore Info
754-258-5750

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