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1921 17th Ave Columbus GA 1921 17th Ave

4 Unit Block of Flats £285,381 (£71,345/Unit) 9.47% Net Initial Yield Columbus, GA 31901

Investment Highlights

  • Income property on large lot near Lake bottom park in Columbus GA Midtown area.
  • Unit 1 has approx 1741 sq ft with 3 large bedrooms, 2 baths, formal dining room, kitchen, large living room, office/ library a nice size laundry room
  • Electrical upgrade and separation of power and water lines, new meters to units 1 & 2, new service entry cables, power panel box and new HVAC

Executive Summary

Income producing multi-family property conveniently located in the desirable Lakebottom Park district. Has 2 historic homes with a total of 4 units on a large 100' x 245' lot. Main unit at 1921 17th Ave has been renovated. Upgrades include Electrical upgrade and separation of power and water lines, new meters to both units, new service entry cables, power panel box changed from fuse boxes to 200 amp breaker boxes, new central HVAC, All new paint throughout, new flooring, and kitchen countertops. The upstairs unit has approx 1188 sq ft with a large living room, a bonus room that can be used as a office or gaming room and the bedroom has a sitting room or a small nursery. The larger unit downstairs with approx 1741 sq ft has 3 bedrooms, 2 baths, formal dining room, kitchen, large living room, a nice size laundry room and a screened in front porch. Units at 1922 16th Ave are 1 bedroom and 1 bath 593 sq ft & 497 sq ft renting for $600 and $300 a month

Financial Summary (Actual - 2023) Click Here to Access

Annual Annual Per SF
Gross Rental Income $99,999 $9.99
Other Income - -
Vacancy Loss - -
Effective Gross Income $99,999 $9.99
Taxes $99,999 $9.99
Operating Expenses $99,999 $9.99
Total Expenses $99,999 $9.99
Net Operating Income $99,999 $9.99

Financial Summary (Actual - 2023) Click Here to Access

Gross Rental Income
Annual $99,999
Annual Per SF $9.99
Other Income
Annual -
Annual Per SF -
Vacancy Loss
Annual -
Annual Per SF -
Effective Gross Income
Annual $99,999
Annual Per SF $9.99
Taxes
Annual $99,999
Annual Per SF $9.99
Operating Expenses
Annual $99,999
Annual Per SF $9.99
Total Expenses
Annual $99,999
Annual Per SF $9.99
Net Operating Income
Annual $99,999
Annual Per SF $9.99

Property Facts

Price £285,381
Price Per Unit £71,345
Sale Type Investment
Net Initial Yield 9.47%
Gross Rent Multiplier 9.4
No. Units 4
Property Type Residential
Property Subtype
Apartment
  • Multifamily Dormitory
Apartment Style Single Family Home
Building Class C
Lot Size 0.56 AC
Building Size 4,019 SF
Number of Floors 2
Year Built/Renovated 1913/2024
Opportunity Zone Yes

Unit Mix Information

Description No. Units Avg. Rent.Mo SF
3+2 1 £1,262 1,741
2+1 2 £552.30 1,188
1+1 3 £473.40 593
1+1 4 £236.70 497

zoning

Zoning Code MRI
MRI
  • Listing ID: 33964925

  • Date on Market: 22/11/2024

  • Last Updated:

  • Address: 1921 17th Ave, Columbus, GA 31901

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