2550 Wedgefield Court

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2550 Wedgefield Court

Columbus, GA 31903
Asking Price
$4.47M
Cap Rate
7.63%
Asset Type
Apartment Building Multifamily
Class
Class B

What's Special

75-Unit Renovated Townhome Community with Assumable Agency Debt in Columbus, GA <ul><li>​<strong>Recent renovations: </strong><span>8 units recently updated with bathroom vanities, vanity light fixtures, ceiling fans, cabinet knobs, flat round LED fixtures, bath faucets, and doorknobs with rest of the units updated within the last 13 years. All windows also just replaced this year.</span></li><li>​<strong>Stabilized operations: </strong><span>Stable occupancy and little to no bad debt making it immediately eligible for agency financing.</span></li><li>​<strong>On-site ameni

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NOI
$80,000
Cap Rate
1.79%
DSCR
0.30
Underwater
Cash-on-Cash
-13.83%
Monthly Payment
$22,139.858
Annual Cash Flow
$-185,678.3

Location & Travel Times