Five Oaks Apartments
100% Occupied | Below Market Rents | 40 Units
Marketing description
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 more information, contact Joe Mitchell at [email protected] or (678) 808-2715.
Property Website: https://www.marcusmillichap.com/properties/301405/five-oaks-apartments
***Do not submit LOI via Crexi
Investment 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
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