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28744193
28779540

1893 3rd Ave, Macon, GA 31201

Sahakyan Group
Listed by Sahakyan Group
$245,000
62 days on market
Updated 59 days ago
Opportunity zone

1893 3rd Ave

Details
Property Type Multifamily
Sub Type Apartment Building
Square Footage 1,750
Units 3
Cap Rate 10.17%
NOI $24,907
Occupancy 100%
Pro-Forma Cap Rate 11.02%
Pro-Forma NOI $27,000
Price per SqFt $140
Broker Co-Op Yes
Class B
Year Renovated 2024
Buildings 1
Stories 1
Investment Type Value Add
Sale Condition 1031 exchange

Insane CAP 10.17%!! Rehabbed 3-Plex for Sale in Macon, GA

Marketing description

3Plex, after full rehab, all new flooring, appliances, kitchens, new paint.This 3-Plex is located in an upcoming area, close to Downtown in Macon, Geargia, which makes it a perfect fit for rent increases in the near future upon lease renewals. Safe area, quiet neighborhood, next to school. Separate electric meters for each tenant. Owner pays for water and trash removal bills. Low RE taxes. This 3-Plex can be sold together with a 6-Plex if the buyer is interested in bulk sale. Ask broker for details or review 1071 Walnut St Listing.

This 3-Plex deal is perfect for a new investor and/or seasoned professional, bringing minimum headaches and maximum return.

Seller will accept cash offers or conventional financing. NO “Creative” stuff, NO Seller financing options will be considered. All showings will be conducted during DD period.

Investment highlights

Rear Potential

CAP of 10.17%, pro-forma numbers for 2026

Competitively priced for a quick sale.

Fully Renovated in 2024

Great location, upcoming area with huge potential

Market rents

Easy to manage or even self-manage

Minimal maintenance required

No Capital Expenditures needed

Listing Contacts

Sahakyan Group
Listed by Sahakyan Group

Valuation Calculator

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Loan Amount
$0.00
Annual Debt Service
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Annual Cash Flow
$24,907.00
$2,075.58/mo

Valuation Metrics

0
DSCR
10.17%
Cap Rate
10.17%
ROI

Map

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