3815-3823 Baker Plaza Dr - Apartments FOR SALE


Columbus, GA 31903- Southeast Columbus
$2,550,000 USD
678-808-2715
3815-3823 Baker Plaza Dr, Columbus, GA for Sale
$2,550,000 USD
Apartments - FOR SALE
1/16
null | Request Cap Rate

3815-3823 Baker Plaza Dr
Columbus, GA 31903
Southeast Columbus


HIGHLIGHTS

  • 100% occupied
  • Below market rents
  • New roofs, additional exterior and interior improvements
  • New high school and additional developments adjacent to the property
  • Area to add a neighborhood amenity or laundry room
  • Situated on 1.32 acres with convenient access to primary transportation corridors and local amenities.

OVERVIEW

Marcus & Millichap is pleased to present for sale Five Oaks Apartments in Columbus, GA. A cash flowing, fully stabilized asset in a major Georgia secondary market, this property is an operational value-add opportunity with rents around $100 below market. The property has recently undergone around a $450k renovation including the roofs, HVACs and interiors. With a strong, stable economy supported by major companies and the Fort Moore military base, Columbus, GA boasts a strong economy. The city is growing faster than many other parts of the state, thanks to new projects in manufacturing, tech, and aerospace, including a massive multi-billion dollar data center investment. With a major downtown renovation and a clear plan to continue creating jobs, Columbus offers long-term stability and increasing demand for housing.

FOR SALE DETAILS

PRICE

$2,550,000 USD

PRICE/SF

$88 USD /SF

# OF UNITS

40

PRICE/UNIT

$63,750

CAP RATE

Request Cap Rate

% LEASED

98%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Five Oaks Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1971

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.3 AC

LAND SF

56,628 SF

ZONING

N/A

APN/PARCEL ID

064-029-009,064-029-010

ASK ABOUT THIS PROPERTY

Joe MitchellMarcus & MillichapMore Info
678-808-2715

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Joe MitchellMarcus & MillichapMore Info
678-808-2715

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.