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4848 Conner Rd

14 Unit Apartment Building $630,000 ($45,000/Unit) 16.35% Cap Rate Columbus, GA 31903

INVESTMENT HIGHLIGHTS

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

EXECUTIVE SUMMARY

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.

DATA ROOM Click Here to Access

FINANCIAL SUMMARY (PRO FORMA - 2025) Click Here to Access

ANNUAL ANNUAL PER SF
Gross Rental Income $99,999 $9.99
Other Income $99,999 $9.99
Vacancy Loss $99,999 $9.99
Effective Gross Income $99,999 $9.99
Taxes $99,999 $9.99
Operating Expenses $99,999 $9.99
Total Expenses $99,999 $9.99
Net Operating Income $99,999 $9.99

FINANCIAL SUMMARY (PRO FORMA - 2025) Click Here to Access

Gross Rental Income
Annual $99,999
Annual Per SF $9.99
Other Income
Annual $99,999
Annual Per SF $9.99
Vacancy Loss
Annual $99,999
Annual Per SF $9.99
Effective Gross Income
Annual $99,999
Annual Per SF $9.99
Taxes
Annual $99,999
Annual Per SF $9.99
Operating Expenses
Annual $99,999
Annual Per SF $9.99
Total Expenses
Annual $99,999
Annual Per SF $9.99
Net Operating Income
Annual $99,999
Annual Per SF $9.99

PROPERTY FACTS

Price $630,000
Price Per Unit $45,000
Sale Type Investment
Cap Rate 16.35%
Sale Conditions
Deferred Maintenance
  • High Vacancy Property
Gross Rent Multiplier 4.4
No. Units 14
Property Type Multifamily
Property Subtype Apartment
Apartment Style Low Rise
Building Class C
Lot Size 1.07 AC
Building Size 9,954 SF
Average Occupancy 0%
No. Stories 2
Year Built 1963

UNIT MIX INFORMATION

DESCRIPTION NO. UNITS AVG. RENT/MO SF
2+1 3 $930.00 -
2+1 3 $930.00 -
2+1 4 $930.00 -
2+1 4 $930.00 -

ZONING

Zoning Code RMF2 (City of Columbus, GA - RMF2)
RMF2 (City of Columbus, GA - RMF2)
  • Listing ID: 33828913

  • Date on Market: 11/11/2024

  • Last Updated:

  • Address: 4848 Conner Rd, Columbus, GA 31903

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