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Riverwalk Townhomes 2550 Wedgefield Ct 75 Unit Apartment Building $6,129,452 CAD ($81,726 CAD/Unit) 7.63% Cap Rate Columbus, GA 31903
Investment Highlights
- Recent renovations: 8 units recently updated with bathroom vanities, vanity light fixtures, ceiling fans, cabinet knobs, and more
- On-site amenities: Community pool, private outdoor patios/balconies for units and gated access
- Washer & Dryer Connections: All of the two-bedroom units have in unit washer/dryer hookups
- Stabilized operations: Stable occupancy and little to no bad debt making it immediately eligible for agency financing
- Assumable Financing: In place assumable Freddie Mac loan with a 3.41% interest rate
- Minutes to Downtown Columbus, Columbus Riverwalk, Columbus State University, and Fort Moore (biggest economic driver in Columbus)
Executive Summary
Maxx Bauman
License # 451849, 80041 (GA)
Matthews Real Estate Investment Services, Inc
1600 West End Ave., Ste. 1500, Nashville, TN 37203
(866) 889-0550
License # 451849, 80041 (GA)
Matthews Real Estate Investment Services, Inc
1600 West End Ave., Ste. 1500, Nashville, TN 37203
(866) 889-0550
Property Facts
| Price | $6,129,452 CAD | Apartment Style | Garden |
| Price Per Unit | $81,726 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 9.45 AC |
| Cap Rate | 7.63% | Building Size | 77,825 SF |
| Gross Rent Multiplier | 6.03 | Average Occupancy | 93% |
| No. Units | 75 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1968 |
| Property Subtype | Apartment |
| Price | $6,129,452 CAD |
| Price Per Unit | $81,726 CAD |
| Sale Type | Investment |
| Cap Rate | 7.63% |
| Gross Rent Multiplier | 6.03 |
| No. Units | 75 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 9.45 AC |
| Building Size | 77,825 SF |
| Average Occupancy | 93% |
| No. Stories | 2 |
| Year Built | 1968 |
Amenities
Unit Amenities
- Air Conditioning
- Balcony
- Refrigerator
- Oven
- Tub/Shower
- Wheelchair Accessible (Rooms)
Site Amenities
- 24 Hour Access
- Laundry Facilities
- Pool
- Property Manager on Site
- Gated
- Maintenance on site
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1.5 | 64 | $1,140 CAD | 1,100 |
| 2+1 | 1 | $1,144 CAD | 675 |
| 1+1 | 10 | $972.49 CAD | 675 |
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Somewhat walkable
20/100
Exceptionally drivable
90/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 059-067-024 | Improvements Assessment | $686,978 CAD |
| Land Assessment | $135,322 CAD | Total Assessment | $822,300 CAD |
Property Taxes
Parcel Number
059-067-024
Land Assessment
$135,322 CAD
Improvements Assessment
$686,978 CAD
Total Assessment
$822,300 CAD
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Riverwalk Townhomes | 2550 Wedgefield Ct
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