784 Terminal Ct
14 Unit Apartment Building $490,000 ($35,000/Unit) Columbus, GA 31906
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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
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$9.99
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Other Income |
-
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-
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Vacancy Loss |
-
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-
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Effective Gross Income |
$99,999
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$9.99
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Net Operating Income |
-
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-
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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 |
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PROPERTY TAXES
Parcel Number | 053-007-034 | Improvements Assessment | $61,760 |
Land Assessment | $8,536 | Total Assessment | $70,296 |
ZONING
Zoning Code | Apartments (1 BK B TERMINAL COURT) |