4343 & 4337 NW Victory Dr, Columbus, GA 31903

The real value lies in its 3 acres of land, which is zoned for General Commercial use. It has potential for various developments like apartments, a hotel, truck stop, gas station, drug store or mini-storage units. Currently, the property is 76% occupied with 3 units needing repairs. Occupied units generate a monthly income of $7,675.The neighboring lot includes a small retail store with rent included.There's a billboard on the property, generating approximately $4,000 per year, with a lease expiring in 2033. Dimensions of the billboard are 10'' high by 36'' wide.Each tenant is billed $50 monthly for water, sanitation & cable TV.Currently, only 3 apartments are vacant, but we expect more once the renovations are completed.Due to the Covid pandemic, rent collection has been halted beginning the of Summer 2020 as mandated by the federal government.No military at the property presently.Unfortunately, there used to be additional units on the remaining land, but a fire destroyed 2 buildings