Listed by Keller Williams Realty River Cities, KW Commercial Realty River Cities, CCRE Investments
$2,700,000
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
Listed by Keller Williams Realty River Cities, KW Commercial Realty River Cities, CCRE Investments
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