Conner Road Apartments

The Conner Road Apartments represent an excellent value-add investment property opportunity situated in established Southeast Columbus, GA in a mature residential neighborhood. The subject property features quick access to Interstate 185 (approx. 1.9 miles) and Fort Moore (f/k/a Fort Benning) military base (approx. 7.4 miles). The subject property provides convenient interstate airport access with an approximate 1.5 hour drive to Atlanta's Hartsfield-Jackson International Airport and a mere 15 minute drive to the Columbus Airport which is serviced by Delta Airlines and American Airlines, as well as a number of charter and private aviation options. Columbus is the second (2nd) largest city in Georgia (source: Wikipedia) and is part of the Columbus-Auburn-Opelika Combined Statistical Area which has a current estimated population of 499,128 people and is approximately 95 miles due south of Atlanta Hartsfield-Jackson International Airport. Columbus is home to many major employers, including AFLAC insurance, Kia Motors Manufacturing, Pratt & Whitney, Anthem Blue Cross Blue Shield, TYSY Global Payments, Hyundai Transys Powertrain Systems, Hostess Brands and Synovus Financial Services. Columbus is also home to Fort Moore (f/k/a Fort Benning), a United States Army post that supports more than 120,000 active-duty military, family members, reserve component soldiers, retirees and civilian employees on a daily basis. Columbus is experiencing high growth and the surrounding area has had twice the average growth rate for the state of Georgia since 2010 and has an available workforce of approximately 250,000 workers within a 60-mile radius and 83,000 students pursuing higher education at 7 colleges and universities located in the area.4828 Conner Rd Apartments represents an excellent value-add multifamily investment located in Columbus, Georgia. The subject property is comprised of one (1) garden-style walk up two story building with brick and siding exteriors, featuring 12 units situated on approximately .582 acres. All dwelling units are 2BR/1BA consisting of an approximate size 750 SF per unit. The property has approximately $130,000 Capex in exterior renovations that include a new roof, all new windows, new exterior doors and new siding. The interiors have fully gutted kitchens and bathrooms. The HUD 2025 (SAFMR) Small Area Fair Market Rents for the subject property for zip code 31903 is $930.00 per month, effective January 1, 2025, presenting the value-add investor with an exceptional opportunity to realize increased potential rents and occupancy.