morningside apartments 4831 warm springs road...morningside apartments 4831 warm springs road 4831...

5607 Whitesvil le RoadColumbus, GA 31904706 660 5418 telG2cre.com

For more informationDavid JacksonO: 706 660 5418 x203 | C: 706 587 [email protected]

Rem BradyO: 706 660 5418 x202 | C: 706 536 [email protected]

Morningside Apartments4831 Warm Springs Road4831 Warm Springs RoadColumbus, Georgia 31909

Property Highlights• 4 - 8 Unit, 2 bedroom, two bath apartments.

Property DescriptionProven history located in north Columbus, GA within 3 miles of ColumbusState University

• This apartment community is 2 stories with 32 well maintained units. 4buildings, 8 units each building, each is a 1100 sq ft, 2 BR/2BA unit (allowingconversion to student apartments)

• Ample parking with a laundry in each unit, central HVAC, ceiling fans, andprivate front and rear patios

• Assumable non-recourse loan on property, fixed rate at 4.58% for the next8 years • Currently leased at below market rates allowing for rate increasesof +/- 5%

OFFERING SUMMARY

Sale Price $2,500,000

Number of Units 32

Lot Size 1.89 Acres

Building Size 32,640 SF

DEMOGRAPHICS

Stats Population Avg. HHIncome

1 Mile 5,488 $60,841

3 Miles 47,191 $61,212

5 Miles 120,910 $60,653

For Sale

Multifamily32,640 SF


For Sale


* Demographic data derived from 2010 US Census

Population 1 Mile 3 Miles 5 MilesTOTAL POPULATION 5,488 47,191 120,910

MEDIAN AGE 37.2 35.8 36.1

MEDIAN AGE (MALE) 36.2 35.3 34.9

MEDIAN AGE (FEMALE) 38.6 37.0 37.9

Households & Income 1 Mile 3 Miles 5 MilesTOTAL HOUSEHOLDS 2,312 19,862 49,016

# OF PERSONS PER HH 2.4 2.4 2.5

AVERAGE HH INCOME $60,841 $61,212 $60,653

AVERAGE HOUSE VALUE $146,913 $150,766 $148,302

Ethnicity 1 Mile 3 Miles 5 Miles% HISPANIC 7.7% 6.5% 5.5%

Race 1 Mile 3 Miles 5 Miles% WHITE 67.8% 66.3% 54.7%

% BLACK 24.7% 27.6% 40.3%

% ASIAN 4.0% 3.3% 2.4%

% HAWAIIAN 0.0% 0.0% 0.2%

% INDIAN 0.4% 0.3% 0.3%

% OTHER 3.1% 2.5% 2.4%

For Sale



morningside apartments 4831 warm springs road...morningside apartments 4831 warm springs road 4831...

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