M
Seller's Agent in 2025
Melinda Kennedy
Coldwell Banker / Kennon, Parker, Duncan & Davis
(706) 575-8495
3 in this area
68 Total Sales
2109 12th Ave Columbus, GA 31901
East Highlands NeighborhoodEstimated Value: $184,756
4
Beds
4
Baths
2,547
Sq Ft
$73/Sq Ft
Est. Value
About This Home
nvestor Special – Quadplex in Columbus, GA. Four units, each with 1 bedroom and 1 bathroom. Long-term tenants are currently in place in Units A and B at $550 each. Unit C has been fully renovated and is ready to lease at $650. Unit D was recently updated and is tenant-occupied at $625 with a one-year lease in place. Roofs were replaced in 2024, and updates include new appliances, water heaters, flooring, and more. Gross stabilized rents are $2,375 per month, with an estimated net cash flow of approximately $613 per month. Current cap rate is 10.7 percent with a projected cash-on-cash return of about 17 percent annually. With market rents for one-bedroom units in Columbus averaging $700 to $750, there is upside potential to increase rents by $100 per unit or more, pushing the cap rate above 12.5 percent. This fully occupied quadplex has been well maintained and is located just seven minutes from downtown. Each unit includes heating and air via window units. Tenants pay all utilities except water. Units C and D were fully renovated in 2025. This is a strong cash-flowing asset with low vacancy risk in a high-demand rental market. Seller is motivated and open to offers.
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
May 1, 2025
Closed on
Oct 22, 2025
Sold by
Ric-Mark Properties Llc
Bought by
Canvas & Comfort Llc
Seller's Agent
Melinda Kennedy
Coldwell Banker / Kennon, Parker, Duncan & Davis
Buyer's Agent
Autumn Haslam
Coldwell Banker / Kennon, Parker, Duncan & Davis
List Price
$195,000
Sold Price
$185,000
Premium/Discount to List
-$10,000
-5.13%
Views
141
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$244
Original Mortgage
$148,000
Outstanding Balance
$148,000
Interest Rate
6.26%
Mortgage Type
New Conventional
Purchase Details
Closed on
Sep 24, 2014
Sold by
Adams George M
Bought by
Ric Mark Properties Llc
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$52,500
Interest Rate
4.16%
Purchase Details
Closed on
Sep 18, 2014
Sold by
Adams George M
Bought by
East Highland Properties Llc
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$52,500
Interest Rate
4.16%
Purchase Details
Closed on
May 2, 2014
Sold by
Big Al Properties Llc
Bought by
Adams George M
Purchase Details
Closed on
Dec 23, 2010
Sold by
Adams George M
Bought by
Big Al Properties Llc
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$74,000
Interest Rate
4.18%
Mortgage Type
Seller Take Back
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Canvas & Comfort Llc | $185,000 | None Listed On Document | |
| Ric Mark Properties Llc | $57,500 | -- | |
| East Highland Properties Llc | -- | -- | |
| Adams George M | -- | -- | |
| Big Al Properties Llc | $75,000 | None Available |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Canvas & Comfort Llc | $148,000 | |
| Previous Owner | Ric Mark Properties Llc | $52,500 | |
| Previous Owner | Big Al Properties Llc | $74,000 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 10/23/2025 10/23/25 | Sold | $185,000 | -1.3% | $73 / Sq Ft | View Prior Sale |
| 09/01/2025 09/01/25 | Pending | -- | -- | -- | |
| 08/26/2025 08/26/25 | Price Changed | $187,500 | -1.3% | $74 / Sq Ft | |
| 07/13/2025 07/13/25 | Price Changed | $190,000 | -1.3% | $75 / Sq Ft | |
| 06/12/2025 06/12/25 | Price Changed | $192,500 | -1.3% | $76 / Sq Ft | |
| 05/28/2025 05/28/25 | For Sale | $195,000 | 0.0% | $77 / Sq Ft | |
| 05/16/2025 05/16/25 | Pending | -- | -- | -- | |
| 05/01/2025 05/01/25 | For Sale | $195,000 | -- | $77 / Sq Ft |
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $900 | $22,982 | $11,344 | $11,638 |
| 2024 | $900 | $22,982 | $11,344 | $11,638 |
| 2023 | $905 | $22,982 | $11,344 | $11,638 |
| 2022 | $938 | $22,982 | $11,344 | $11,638 |
| 2021 | $938 | $22,982 | $11,344 | $11,638 |
| 2020 | $867 | $24,979 | $5,672 | $19,307 |
| 2019 | $1,023 | $24,979 | $5,672 | $19,307 |
| 2018 | $1,023 | $24,979 | $5,672 | $19,307 |
| 2017 | $1,027 | $24,979 | $5,672 | $19,307 |
| 2016 | $1,176 | $28,520 | $5,400 | $23,120 |
| 2015 | $950 | $23,000 | $5,400 | $17,600 |
| 2014 | $472 | $28,520 | $5,400 | $23,120 |
| 2013 | -- | $28,520 | $5,400 | $23,120 |
Source: Public Records
Agents Affiliated with this Home
-
Melinda Kennedy
-
Autumn Haslam
A
Buyer's Agent in 2025
Autumn Haslam
Coldwell Banker / Kennon, Parker, Duncan & Davis
(706) 587-4438
1 in this area
16 Total Sales
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