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