Listed by GREA
Unpriced
The Arbors
Details
APN M044-0151
Property Type Multifamily
Sub Type Apartment Building
Square Footage 139,600
Net Rentable (SqFt) 139,600
Units 128
Occupancy 96%
Broker Co-Op No
Class B
Year Built 1973
Buildings 11
Stories 2
Acreage 8.980
Investment Type Value Add
Sale Condition For sale by owner
128 Units, Built 1973
Marketing description
Located in desirable North Macon, GA with Median HHI above $73,000 and proximate to credit retailers such as Starbucks, Chick-fil-A, Kroger and Piedmont Macon North Hospital.
Stabilized, well-appointed asset with 1,100 SF units, W/D connections in 80% of units, desirable 2 BR/ 2 BA floorplans, & durable & low-maintenance construction features
Assumable Fannie Mae debt at above 70% LTV, 3.26% rate, 6.5 years of term remaining
96% occupied, low delinquency, strong mark-to-market opportunity.
Majority of units in classic condition with nearby rent comps achieving $150-$175 rent premiums, illustrating further upside potential through interior renovations
Listing Contacts
Listed by GREA
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