Columbus Multifamily Investment
For Sale
$2,875,000
4500 S Stadium Dr, Columbus, GA 31909
Multifamily property in Columbus, Georgia with high IRR.
Property SizeContact for details
Days on Market153
Property Features for 4500 S Stadium Dr
General Information
Standard status
Active
Building Details
Year Built
1958
Listing Agency:
Bull Realty
(404) 876-1640
Listed By:
Ernie Anaya, MBA · License #SC #93244
Source:
Bullrealty
Added: Mar 5
Changed: Jul 6
Last Checked: Jul 24 at 5:52AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Bull Realty
Investment Insights
Based on property information with market context.
Located in Columbus, Georgia, approximately 100 miles southwest of Atlanta, this multifamily property benefits from the city's strategic positioning at the Fall Line. Columbus operates under a consolidated government structure, enhancing regional coordination and economic development. The city's economy is supported by military, financial services, and healthcare sectors. Fort Moore is the area’s largest employer, supporting roughly 45,000 military and civilian personnel. Columbus is also home to major corporate headquarters including Aflac, TSYS, and Synovus, reinforcing its role as a regional financial hub. Healthcare is another key pillar, led by Piedmont Columbus Regional, which operates the largest acute care hospital in west Georgia and serves 21 surrounding counties. The property has an actual gross revenue of $1,995,746 and an occupancy rate of 81.35%. The forecast NOI is $395,694, normalizing expenses to 75% of Gross Revenue. The property qualifies for an SBA 504 Loan with a 25-year term, 85% LTC, and 5.856% interest. Using Vacancy 22.5% Year 1, 15% Years 2-10, Revenue growth 5% per year, IRR is projected at 73.54% with a Cash on Cash of 32.25%. The Acquisition CAP Rate is 12.2% and Debt Service Coverage Ratio is 1.88. Projected Sales Year 5 is $5.54 million with sales proceeds after expenses of $3.39 million.
Key Highlights
- High IRR of 73.54% indicates a strong potential return on investment.
- Attractive Acquisition CAP Rate of 12.2% suggests a favorable purchase price relative to income.
- Property qualifies for an SBA 504 Loan with a 25‑year term, 85% LTC, and a 5.856% interest rate.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
107
Businesses Nearby
Explore this area
Business Placement
Demographics for 31909, GA
38,760
Population
17,486
Households
2.2
Avg Household Size
35
Median Age
38%
College-Educated
91%
High-School Grad
18.7 sq mi
ZIP Area
2,073
Density / Sq Mi
$69,221
Median Household Income
$44,029
Median Earnings
$1,271
Median Rent
$205,800
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Apartment building - Multifamily property in Columbus, Georgia with high IRR.
Where is this apartment building located?
The property is located at 4500 S Stadium Dr Columbus, GA.
What is the asking price?
The asking price for this property is $2,875,000.
What are key features of this property?
This property features: High IRR of 73.54% indicates a strong potential return on investment.; Attractive Acquisition CAP Rate of 12.2% suggests a favorable purchase price relative to income.; Property qualifies for an SBA 504 Loan with a 25‑year term, 85% LTC, and a 5.856% interest rate.
