784 Terminal Ct

14 Unit Apartment Building $490,000 ($35,000/Unit) Columbus, GA 31906

INVESTMENT HIGHLIGHTS

  • 784 Terminal Court presents a 14-unit, two-story low-rise apartment building originally built in 1964 and renovated in 2023.
  • Recent renovations provided ceiling fans, tubs/showers, refrigerators, ranges/ ovens, vinyl flooring, and other unit amenities throughout.
  • Convenient of Interstate 485 and many retailers, supermarkets, restaurants, as well as the Piedmont Columbus Regional Medical Center.
  • Presented vacant to the market, enabling a new investor to meet market rental rates and benefit from the unlocked upside potential.

EXECUTIVE SUMMARY

784 Terminal Court is presented to the market as a value-add, recently renovated multifamily asset for profitable acquisition. Currently unoccupied, the building is ready to accommodate a decent number of tenants among the 14 two-bedroom, one-bath units. Besides having all basic build-outs and amenities, the apartment building also offers curbside trash pickup, another convenience for the residents. Untapped profitability is waiting to be executed via market rental rates and modern upgrades and finishes.

FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access

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

PROPERTY FACTS

Price $490,000
Price Per Unit $35,000
Sale Type Investment
No. Units 14
Property Type Multifamily
Property Subtype Apartment
Apartment Style Low Rise
Building Class C
Lot Size 0.35 AC
Building Size 12,196 SF
Average Occupancy 0%
No. Stories 2
Year Built/Renovated 1964/2023

UNIT AMENITIES

  • Cable Ready
  • Ceiling Fans
  • Refrigerator
  • Oven
  • Range
  • Tub/Shower
  • Dining Room
  • Vinyl Flooring

SITE AMENITIES

  • Fenced Lot
  • Trash Pickup - Curbside

UNIT MIX INFORMATION

DESCRIPTION NO. UNITS AVG. RENT/MO SF
2+1 14 - 866

PROPERTY TAXES

ZONING

Zoning Code Apartments (1 BK B TERMINAL COURT)
  • Listing ID: 33811403

  • Date on Market: 11/8/2024

  • Last Updated:

  • Address: 784 Terminal Ct, Columbus, GA 31906