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28163965
28163967

3389 Sherry Dr, Macon, GA 31206

CK
GA GA 408600, CA CA 3417384
Matthews
AG
GA 3421373
Matthews
Listed by Matthews
$2,670,000
217 days on market
Updated 22 days ago
Opportunity zone

Linkwood Manor

Details
APN 0094-0210
Property Type Multifamily
Sub Type Apartment Building
Square Footage 32,885
Units 56
Cap Rate 10.74%
Occupancy 92%
Pro-Forma Cap Rate 9%
Pro-Forma NOI $240,300
Price per SqFt $81
Year Built 1968
Buildings 14
Stories 1
Acreage 4.420

Multifamily Opportunity | 56 Units | Macon, GA

Marketing description

Matthews™ is proud to offer Linkwood Manor Apartments located at 3389 Sherry Dr, Macon, GA 31206. This property consists of (40) One Bedroom, (15) Two Bedrooms, and (1) Three Bedroom Units. This complex is very quiet and historically stays very occupied. This asset is close to interstate I-75, I-475, and public transportation. Linkwood Manor is approximately a 10-minute walk or a short drive from three shopping centers with many restaurants, retail shopping, and coffee shops that are highly sought after to residents in this area.

Investment highlights

  • Individually metered for electricity – Tenants pay direct to Georgia Power

  • Rent includes water/sewer expense

  • Complex has buildings that were built on both Slab & Crawl. Roughly 50% mixture

  • HVAC: window units – 90% of the machines are new

  • Wall heaters inside each unit

  • Section 8 Tenants – about 3-5 units

  • All electric panels have been upgraded

  • Electrical wiring has been transferred from aluminum to copper.

  • 90% of the units have been upgraded with flooring, countertops, cabinets, and appliances.

  • Washer/dryer hookups

  • No dishwashers

  • Cox Cable available throughout the community

Listing Contacts

CK
GA GA 408600, CA CA 3417384
Matthews
AG
GA 3421373
Matthews
Listed by Matthews

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Additional Information

Name
Maxx Bauman
License
451849 (GA)
Brokerage
Matthews
Title
Broker of Record
Brokerage Address
1600 West End, Ste. 1500 Nashville, TN 37203
Name
Connor Kerns
License
GA 408600
Brokerage
Matthews
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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