Audubon Cove

About Audubon Cove

The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive offering of Audubon Cove, a 100-unit townhome community located in Columbus, Mississippi. Built in 2010, the property is located within Mississippi’s Golden Triangle economic region, the nation’s #1 manufacturing growth corridor, which has generated more than 10,000 jobs and over $12 billion in capital investment. The region is anchored by major employers including Steel Dynamics, Aluminum Dynamics, Boeing, and is supported by two of the top industrial parks in the Southeastern U.S. Audubon Cove is also strategically positioned less than 15 minutes from Columbus Air Force Base, one of the area’s largest and most stable employment centers.

Audubon Cove consists of spacious three & four bedroom townhomes (1,854 avg SF) each featuring an attached two-car garage and offering a home-style living experience within a professionally managed rental community. The property demonstrates strong in-place operating performance, currently 98% occupied with a 96% trailing twelve-month average, and has achieved approximately 6% YoY effective rent growth. Investors will benefit from immediate, durable cash flow and a clear path to incremental upside through a light interior value-add program, with targeted cosmetic enhancements projected to generate approximately $120,000 in additional NOI and an estimated 20% return on investment within a supply-constrained submarket.