3812 Oates Ave

Value Add TRIPLEX

3812 Oates Ave · Columbus GA 31904

Price and ARV 📈

• Purchase price $130,000

•ARV $230,000+

Fully occupied triplex with big upside and a new metal roof 🏡

Property

• Two units 2 bed 1 bath

• One unit 1 bed 1 bath

• 2,484 square feet

Current Rents

• Total rents $860, all month to month

Potential Rents

$2800

• Section 8 fair market rent is $1031

for a 2 bed in this area and $831 for a 1 bed

Great opportunity for an investor who wants cash flow now with clear room to raise rents and force appreciation.

Rehabbed Comps

(Duplex three doors down)

3900 Oates Ave, Columbus GA 31904

$165,000  (120/sqft)

2905 12th Ave, Columbus, GA 31904

$150,000 (94/sqft)

3845 17th Ave, Columbus, GA 31904

$150,000 (94/sqft)