4848 Conner Rd Columbus, GA 31903
- Commercial real estate
- 9,954 SF
- 1.07 lot acres
Current Use by Public Records
- Commercial real estate
Property Details for 4848 Conner Rd
- Year built
- 1963
- Lot size
- 1.07 lot acres
- Property size
- 9,954 SF
- Property type
- Commercial real estate
- APN
- 090 025 032; 090 025 031; 090 025 025; 090 025 028
Description
This exceptional value-add investment opportunity presents a 14-unit multifamily property situated on 1.073 acres in Columbus, Georgia. The property comprises four buildings – two triplexes and two quadraplexes – each featuring two-bedroom, one-bathroom units, totaling 14 units. Built in 1963, the property offers significant upside potential due to its current vacant status and the potential for rent increases. The asking price is $630,000, translating to $45,000 per unit and $63.29 per square foot. The property boasts a projected pro-forma NOI of $103,012, resulting in a compelling 16.35% pro-forma cap rate. Each building sits on its own tax parcel (APN: 090 025 032
Value Estimations
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
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Location Insight
- Map
- Local Demand
- City
- Columbus
- County
- Muscogee
- State
- Georgia
- Longitude
- -84.9192675
- Latitude
- 32.4254123