485 Mellon Street, Columbus, GA 31903

$114,999 Asking Price

2 beds
2 baths
960  sqft
Built in 1959

Investors, seize this exceptional opportunity to add a prime duplex to your portfolio! This well-maintained property features two fully remodeled 1-bedroom, 1-bath units, perfect for generating consistent rental income. Each unit has been updated with fresh interior and exterior paint. Recent renovations include the removal of a dilapidated enclosed porch and tree removal, providing a clean, inviting exterior. Significant upgrades have been made to ensure long-term durability and efficiency. The building showcases new fascia, soffit, and trim, along with a brand new 25-year architectural shingle roof and stylish new front doors. Inside, modern LVP flooring, two newly added kitchenettes—each equipped with sinks—make these units highly functional for tenants. The bathrooms have been tastefully updated with new vanities, plumbing, and fixtures. Additional improvements include brand new electric hot water heaters with protective pans, ensuring peace of mind for you and your tenants. The front fence has been repaired, adding to the property's overall appeal and security. Every unit has been fitted with new fixtures and upgraded electrical outlets, including GFCIs for safety compliance. Financially, this duplex is a standout investment. Each unit can generate approximately $800 per month, yielding a total income of $1,600. When factoring in management fees, vacancies, property taxes, insurance, and maintenance costs, the estimated cap rate stands around 11%. This impressive cash flow potential makes it a smart addition to any real estate portfolio. Constructed of all block, this building is built to last, requiring no immediate updates or repairs. With its strategic location and strong rental demand, this duplex promises to be a reliable source of income for years to come. Don't miss out on this opportunity to secure a soun

Features & Amenities

Interior

Appliances:
Dishwasher
Basement:
Crawl Space
Heating:
None

Construction

General:
Brick, One

Location

Originating MLS:
Columbus BOR GA
County:
Muscogee

Lot

Zoning:
048 002 003A

Utilities

Water:
Public
Sewer:
Public Sewer

Financial

Source:
Columbus BOR GA

This listing courtesy of:
Coldwell Banker / Kennon, Parker, Duncan & Davis

About Columbus, GA

Housing

Number of Units
80,915
Median Home Value
$148,602
Median Rent
$732

53.20% of housing units are renter occupied.

9.35% are vacant.

Commute

Car
79.59%
Public Transportation
1.19%
Walk to Work
1.32%
Work from Home
15.84%
Other
1.67%

The median travel time to work is 18 minutes.

People

Population
181,164
Median Age
36.50
Median Household Size
2.52

Education

High School
27.94%
Associate’s Degree
9.33%
Bachelor’s Degree
13.98%
Graduate Degree
10.45%

Disclaimer: Community and Demographic information uses data from the U.S. Census Bureau but is not endorsed or certified by the Census Bureau.

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