4848 Conner RdColumbus, GA 31903

Property Details for 4848 Conner Rd

Year built

1963

Lot size

1.07 AC

Property size (Sq ft)

9,954 SF

Property type

Apartment buildings

Description

This exceptional value-add investment opportunity presents a 14-unit multifamily property situated on 1.073 acres in Columbus, Georgia. The property comprises four buildings – two triplexes and two quadraplexes – each featuring two-bedroom, one-bathroom units, totaling 14 units. Built in 1963, the property offers significant upside potential due to its current vacant status and the potential for rent increases. The asking price is $630,000, translating to $45,000 per unit and $63.29 per square foot. The property boasts a projected pro-forma NOI of $103,012, resulting in a compelling 16.35% pro-forma cap rate. Each building sits on its own tax parcel (APN: 090 025 032

Location Insight

City

Columbus

County

Muscogee

State

Georgia

Latitude

32.4254

Longitude

-84.9193

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