Listing Courtesy of: Derrick Carswell - eXp Commercial
6784641457
$699,900
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2229 Ticknor Dr Columbus, GA 31903
Other
Residence
Beds
Baths
...
Bed/Bath
13,600
Sq. Ft.
Property Activity
Time on Site
days
Days on Market
Views
Saves
16-unit Apartment complex available in Columbus, GA priced at $699,900. 8 units carry all 16 units between a fluctuating 6.5 to 7.9% cap rate. This requires Proof of Funds and a signed NDA. The property is a temporary rental property. Tenants pay the seller on a weekly basis which makes the CAP & ...NOI vary. The property is a Mom-and-Pop business that doesn't do any financial record keeping. This place provides temporary residency for tenants on a weekly basis. The seller only provided EXP Commercial & Carswell Commercial REI with a screen shot of the rent roll that we transferred over to the Offering Memorandum. EXP Commercial & Carswell Commercial REI make no claims or guarantees on the financials of this property and can't verify the accuracy of the financial statements. The price has been adjusted on the second building in the listing price. Completion of the second building interior could double the gross rent, CAP and NOI. 1. 1st buildings is 90% occupied. Occupancy rates can change due to the temporary occupancy. The 2nd building (interior shell) is vacant and will need the interior completed. 2. The 2nd unit will need all electrical, plumbing (from slab upwards), flooring, drywall, appliances, etc. 3. Seeking buyers who are looking for a Value Ad & to turn the temporary rentals into a six-months and gradually to permanent yearly term rentals 4. We suggest that all serious Buyers visit the property after showing proof of funds and signing an NDA.
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MLS#
10313109
Property Type
Other
Year Built
1965
Square Feet
13,600
sq. ft
Lot Size
0.48
Sewer
Public Sewer
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