2314 Fort Benning Road

• Excellent Value-Add Multifamily Opportunity
• Current average rents of $579.80 per unit (December 2023) compared to 2024 HUD Advisory Rents of $760 per unit for 1BR/1BA & $890 per unit for 2BR/1BA
• Occupancy Rate of 93.75% as of December 2023
• All Brick Building Exteriors
• Ease of Operation and Management
• Close Proximity to Fort Benning (n/k/a Fort Moore) Military Base

Property Description

The Patton Arms Apartments represent an excellent value-add multifamily investment located in Columbus, Georgia. The subject property is comprised of three (3) two-story, walk up brick buildings, featuring sixteen (16) units situated on approximately 0.58 acres. Dwellings consists of twelve (12) 1BR/1BA units and four (4) 2BR/1BA units. As of December 2023, current rents are averaging $579.80 per unit per month, while the 2024 HUD advisory for rent in the subject property zip code of 31903 is $760 per month for 1BR/1BA units and $890 for 2BR/1BA units, presenting the value-add investor with an exceptional opportunity to realize increased potential rents and occupancy. Occupancy as of December 2023 was 93.75%. Additional opportunity to implement Ratio Utility Billing System (RUBS), allows an investor with potential to further increase income and recapture expenses.