Listed by Matthews
$4,475,000
Riverwalk Townhomes
Details
Property Type Multifamily
Sub Type Apartment Building
Square Footage 77,825
Cap Rate 7.63%
NOI $341,341
Year Built 1968
Acreage 9.450
Ground Lease No
75-Unit Renovated Townhome Community with Assumable Agency Debt in Columbus, GA
Investment highlights
- Recent renovations: 8 units recently updated with bathroom vanities, vanity light fixtures, ceiling fans, cabinet knobs, flat round LED fixtures, bath faucets, and doorknobs with rest of the units updated within the last 13 years. All windows also just replaced this year.
- Stabilized operations: Stable occupancy and little to no bad debt making it immediately eligible for agency financing.
- On-site amenities: Community pool, private outdoor patios/balconies for units and gated access.
- Assumable Financing: In place assumable Freddie Mac loan with a 3.41% interest rate.
- Washer & Dryer Connections: All of the two-bedroom units have in unit washer/dryer hookups.
- Minutes to Downtown Columbus, Columbus Riverwalk, Columbus State University, and Fort Moore (biggest economic driver in Columbus with 45,000+ employees).
Listing Contacts
Listed by Matthews
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$341,341.00
$28,445.08/mo
Valuation Metrics
0
DSCR
7.63%
Cap Rate
7.63%
ROI
Map
Zoning
RO MixedMixed UseResidential Office
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View all 219 uses Last updated Jun 23, 2026 For deeper zoning details, reports are available at Zoneomics
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