Description
43 Unit Value Add Portfolio consists of 15 single-family units and 28 multifamily units. Located throughout Columbus, GA, and Phenix City AL. Tremendous opportunity to increase rents with 70% of rents being below market value, some units renting as low as $200 to $300.Some units' rents can be increased with no upgrades. Opportunity to double NOI. Cap Rate 5.22% Columbus, GA, and Phenix City, Al are approximately 90 miles south of Atlanta, GA. Columbus GA is just 1 mile from Phenix City, AL, and is separated by the Chattahoochee River. If standing downtown Columbus you'll be able to look across the river right into Phenix City, AL. Both cities are adjacent to Fort Benning Military base, one of the largest military bases in North America. In addition, both markets are stable and rent-friendly markets. Which allows tenants to rent at all price points. Investors can acquire properties at a much lower rate than a major city such as Atlanta, GA. For financials see the documents attached, for any other information contact Listing Broker!
Location
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$2,300,000
MLS# 10107050
ACTIVE
Listing Agent: Normandie Stroter
Courtesy of: Engel & Volkers Buckhead Atl.
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Listing Agent: Denzel Clements Courtesy of: CENTURY 21 Premier Real Estate Attribution contact: 706-576-2400 | 706-977-5308 The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange/Broker Reciprocity Program of Georgia MLS. Real estate listings held by brokerage firms other than Village Realty are marked with the Internet Data Exchange/Broker Reciprocity logo and detailed information about them includes the name of the listing brokers.
The broker providing this data believes it to be correct, but advises interested parties to confirm them before relying on them in a purchase decision. Information is deemed reliable but is not guaranteed. © 2022 Georgia MLS. All rights reserved. Updated: 4th February, 2023 8:50 AM (UTC)
