Benning Hills 12 Portfolio

Property Description

NAI G2 Commercial Real Estate is pleased to present the Benning Hills 12 Portfolio, consisting of 12 Single Family Residential Units. This portoflio allows an investor to achieve north of a 10% CAP rate with 100% occupancy, and pushing rents to what the market already says they should be at. The metro area joins the nearby Alabama cities of Phenix City, Auburn and Opelika to form the Columbus–Auburn–Opelika Combined Statistical Area, which had an estimated population of 483,104 in 2020. The area has a diverse employment base with nationally and globally recognized companies. Average pricing in Columbus of $120,000/unit comes at a significant discount to larger Southeastern metros such as Atlanta, and average cap rates trend well above the national average. With the sales price for the Prestige Portfolio at $67,083.33 per unit this portfolio allows the next ownership to come into the portfolio at a great basis for price.