Morningside Village Multifamily
4429 SAUNDERS DR Columbus, GA 31909
4429 SAUNDERS DR, Columbus, GA, 31909
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For Sale
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Value-add multifamily opportunity in Columbus, Georgia with significant upside.
Property Size7,197 SF
Price / SF$375.16
Days on Market69
Property Features for 4429 SAUNDERS DR
General Information
- Standard status
- Active
- Size
- 7,197 SF
- Property subtype
- Multifamily
Building Details
- Year Built
- 1969
Listing Agency
Keller Williams Realty River Cities
(678) 412-5583
Listed by
Kyra Cottle · License #GA 404408
Source
Crexi
Added: May 11 Checked: Jul 17 at 9:26 am
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 Keller Williams Realty River Cities
Investment Insights
Based on property information with market context.
Morningside Village Apartments, located on Saunders Drive in Columbus, Georgia, presents a multifamily investment opportunity. The community comprises 35 units, featuring 33 two-bedroom/one-bath units and 2 one-bedroom/one-bath units, distributed across 7 buildings. These include two 9-unit buildings, one 15-unit building, and four triplexes. Constructed in 1968, the property is situated near the airport and major highways, providing regional connectivity and access to a large metropolitan area in Georgia. The property has a total size of 7197 square feet. The current occupancy rate is approximately 85%, suggesting potential for increased revenue through lease-up and operational enhancements. Actual rents range from $725 to $983, while market rents are estimated between $995 and $1,100. There is an assumable non-recourse Fannie Mae loan with a 4.25% interest-only rate and maturity in 2032. The property's location near major employers, including Fort Moore, positions it for investors seeking cash flow in the Columbus market.
Key Highlights
- Assumable non‑recourse Fannie Mae loan with a 4.25% interest‑only rate and maturity in 2032.
- Significant revenue growth potential by increasing rents to market rents of $995–$1,100.
- Value‑add opportunity through lease‑up from the current 85% occupancy rate and operational improvements.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Twin Terrace
Apartment Building
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FAQs
What type of property is this?
Apartment building - Value-add multifamily opportunity in Columbus, Georgia with significant upside.
Where is this apartment building located?
The property is located at 4429 SAUNDERS DR Columbus, GA.
What is the asking price?
The asking price for this property is $2,700,000.
What are key features of this property?
This property features: Assumable non‑recourse Fannie Mae loan with a **4.25% interest‑only rate** and maturity in 2032.; Significant revenue growth potential by increasing rents to market rents of $995–$1,100.; Value‑add opportunity through lease‑up from the current 85% occupancy rate and operational improvements.
