1018 Magnolia St - Apartments FOR SALE


Macon-Bibb, GA 31201- Downtown Macon
$375,000 USD
478-250-1005
1018 Magnolia St, Macon-Bibb, GA for Sale
$375,000 USD
Apartments - FOR SALE
1/22
null | Request Cap Rate

1018 Magnolia St
Macon-Bibb, GA 31201
Downtown Macon


HIGHLIGHTS

  • Fully rented
  • 4plex
  • Downtown Macon

OVERVIEW

Fully rented 4plex. Rare investment opportunity in prime downtown Macon area with plenty of room for additional income. Main house has 3 separate apartment units. Unit A is 2 bedroom 2 bath, Unit B is 2 bedroom 1 bath plus an office, Unit C is 1 bedroom 1 bath, and Unit D is a separate brick in-law suite which has been converted to a studio apartment, with paver patio and storage underneath for maintenance equipment or tenant use. Also included is a brick laundry house which can be converted to coin operations units for additional income. New metal roof over rear of house and external buildings. HVAC systems replaced within the last 4 years. Off street parking. Current monthly rent roll is $3,200 with long term tenants low maintenance tenants. Rents are well below market averages which presents a great opportunity for quickly increasing income for any new owners. High demand rental area with a Vacancy rate is less than 2%. No owner financing available.

FOR SALE DETAILS

PRICE

$375,000 USD

PRICE/SF

$90 USD /SF

# OF UNITS

4

PRICE/UNIT

$93,750

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1890

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.21 AC

LAND SF

9,313 SF

ZONING

HR2

APN/PARCEL ID

Q074-0302

ASK ABOUT THIS PROPERTY

Jonathan WilliamsDeciphered LLCMore Info
478-250-1005

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Jonathan WilliamsDeciphered LLCMore Info
478-250-1005

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.