$185,000 Sold

2109 12th Ave, Columbus, GA 31901, USA

4 bd 4 ba 2,547 sq ft 0.16 acres

Sold $185,000 on October 23, 2025

2109 12th Ave, Columbus, GA 31901, USA

4 bd 4 ba 2,547 sq ft 0.16 acres

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At today's 6.5% rate with 10% down, a buyer would pay ~$1,058/mo for a home at this value.

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Description

nvestor Special – Quadplex in Columbus, GA. Four units, each with 1 bedroom and 1 bathroom. Long-term tenants are currently in place in Units A and B at $550 each. Unit C has been fully renovated and is ready to lease at $650. Unit D was recently updated and is tenant-occupied at $625 with a one-year lease in place. Roofs were replaced in 2024, and updates include new appliances, water heaters, flooring, and more. Gross stabilized rents are $2,375 per month, with an estimated net cash flow of approximately $613 per month. Current cap rate is 10.7 percent with a projected cash-on-cash return of about 17 percent annually. With market rents for one-bedroom units in Columbus averaging $700 to $750, there is upside potential to increase rents by $100 per unit or more, pushing the cap rate above 12.5 percent. This fully occupied quadplex has been well maintained and is located just seven minutes from downtown. Each unit includes heating and air via window units. Tenants pay all utilities except water. Units C and D were fully renovated in 2025. This is a strong cash-flowing asset with low vacancy risk in a high-demand rental market. Seller is motivated and open to offers.