4500 S Stadium Dr Columbus, GA 31909

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.