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Property profile & analytics

442 Old Buena Vis Rd Columbus, GA 31906-4274

  • Commercial real estate
  • 3,750 SF
  • 0.29 lot acres
OFF-MARKET
Last Sale
Mar 22, 2024
$800,000
Value Estimations
$800,000
Show details
Cap Rate Potential
5.4%
Commercial real estate
Location Intelligence
Property ID
US22-2220983
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

Current Use by Public Records

  • Commercial real estate

Property Details for 442 Old Buena Vis Rd

Year built
1964
Construction
WOOD
Lot size
0.29 lot acres
Property size
3,750 SF
Property type
Commercial real estate
APN
065 010 006
APU
65010006

Description

This exceptional value-add multifamily investment opportunity, The Belle Vue Court Apartments, is located in Columbus, Georgia. The property consists of five single-story, brick garden-style buildings situated on approximately 1.61 acres. Comprising 32 units, each a two-bedroom, one-bathroom apartment averaging 622 square feet, the property boasts a total of 19,914 square feet. Recently renovated in 2024, with approximately $130,000 in capital expenditures and property updates completed by the owner in 2023/2024, the property offers significant upside potential. Currently, the property enjoys 100% occupancy (as of September 1, 2024), with average rents of $617 per unit. However, the HUD 2025 advisory rent for the 31906 zip code is $930 per month (effective January 1, 2025), indicating substantial room for rent increases. This presents a compelling opportunity to leverage the significant rent growth potential in the area. The property's low cost basis of under $50,000 per unit, combined with a pro-forma cap rate of 13.02% and a pro-forma NOI of $208,222, makes this a highly attractive investment. The asking price is $1,599,000. The property is zoned GC and features a fee simple ownership structure. Parcel numbers are 065 010 006


Value Estimations

based on Realmo’s proprietary methodology
  • AI approach

    Method
    Estimation
    Statistic approach
    $800,000
    ML approach
    $800,000
  • CAP approach

    CAP Return
    Estimation
    6%
    $715,000
    6.5%
    $660,000
    7%
    $615,000

Get a detailed, property-specific valuation — fast and free


Location Insight

  • Map
  • Local Demand
City
Columbus
County
Muscogee
State
Georgia
Longitude
-84.9404
Latitude
32.4547
CBSA code
17980
CBSA name
COLUMBUS, GA-AL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$1,549
$7,072
$32,248
$39,320
-
$17,680
$80,619
$98,299
More about this property
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