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32448002
32448000

4429 SAUNDERS DR, COLUMBUS, GA 31909

KC
GA GA 404408, AL AL 149009
Keller Williams Realty River Cities
RC
GA GA 403122
KW Commercial Realty River Cities
WF
GA Georgia 406716
CCRE Investments
Listed by Keller Williams Realty River Cities, KW Commercial Realty River Cities, CCRE Investments
$2,700,000
25 days on market
Updated 16 days ago

Morningside Village Apartments

Details
APN 083 010 032
Property Type Multifamily
Square Footage 7,197
Units 9
Cap Rate 6.75%
Class B
Year Built 1969
Stories 1
Lot Size (SqFt) 23,784

Value Add

Marketing description

Morningside Village Apartments presents a compelling value-add multifamily investment opportunity in Columbus, Georgia. Located at Saunders Drive, Columbus, GA, this 35-unit community offers an attractive unit mix of 33 two-bedroom/one-bath units and 2 one-bedroom/one-bath units across 7 total buildings, including two 9-unit buildings, one 15-unit building, and four triplexes. Built in 1968 and situated near the airport and major highways, the property benefits from strong regional connectivity and access to one of Georgia’s largest metro areas. Current occupancy is approximately 85%, creating immediate upside through lease-up and operational improvements. As shown on page 5, actual rents currently range from $725–$983, while market rents are estimated at $995–$1,100, offering clear potential for revenue growth. Adding to the appeal, page 7 notes an assumable non-recourse Fannie Mae loan with a 4.25% interest-only rate and maturity in 2032. With proximity to major employers including Fort Moore and solid surrounding demographics, Morningside Village Apartments is well-positioned for investors seeking cash flow with meaningful upside in a growing Columbus market.

Listing Contacts

KC
GA GA 404408, AL AL 149009
Keller Williams Realty River Cities
RC
GA GA 403122
KW Commercial Realty River Cities
WF
GA Georgia 406716
CCRE Investments
Listed by Keller Williams Realty River Cities, KW Commercial Realty River Cities, CCRE Investments

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Additional Information

Name
Kyra Cottle
License
GA 404408
Name
Roman Cottle
License
GA 403122
Brokerage
Keller wiiliams realty river Cities
Title
Real Estate Broker
Brokerage Address
6053 Veterans Parkway
Name
Wallace Fridy
License
Georgia 406716
Brokerage Phone
4043965955
Title
GA
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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