140 Prentice Pl - Apartments FOR SALE


Macon-Bibb, GA 31204
$575,000 USD
478-733-4245
140 Prentice Pl, Macon-Bibb, GA for Sale
$575,000 USD
Apartments - FOR SALE
1/10
null | Request Cap Rate

140 Prentice Pl
Macon-Bibb, GA 31204


HIGHLIGHTS

  • Prentice Place consists of 10-units which are all one-bedroom/ one-bath.
  • Prime location off Vineville Avenue with close proximity to downtown Macon & Mercer University.
  • An investors value-add opportunity to renovate units and increase rents.
  • The building has two floors: six units on the 1st floor and four units on the 2nd floor.
  • Each unit has washer and dryer hookups.
  • 140 Prentice Place offers a central location which provides easy access to all corridors of Macon.

OVERVIEW

Accepting back up offers. Property is under contract. With over 155k residents, Macon is the 4th-largest city in Georgia and is part of the Macon-Warner Robins CSA. Nicknamed “The Heart of Georgia,” Macon has numerous historical sites and museums and boasts strong education, healthcare, agriculture, and defense industries. Macon is a center of commerce and culture in central Georgia, and recent job growth (1.4%) and home price increase (2.6%) demonstrate the steady and constant growth of the market. Per “Sperling’s Best Places,” jobs are estimated to increase by 35% over the next 10 years. With Mercer University, Middle Georgia State University, Wesleyan College, and more, all located within city limits, Macon is a hub of education in Central Georgia. Mercer, along with Georgia Tech, The University of Georgia, and Emory University, is one of the only schools in the state to earn a spot on U.S. News & World Report’s list of top National Universities. Healthcare is another strong suit of Macon. Navicent Medical Center is one of the top 10 hospitals in Georgia, according to the U.S. News & World Report, and has over 600 licensed beds. Across the Ocmulgee River from Downtown Macon, Coliseum Medical Center also offers over 300 beds. Despite its size, there is plenty to do in and around Macon. The Museum of Aviation at Robins Air Force Base is the largest tourist attraction in the state outside of Atlanta. The International Cherry Blossom Festival lasts 10 days each March and brings visitors from around the country to Macon to enjoy the 300,000 blossoms.

FOR SALE DETAILS

PRICE

$575,000 USD

PRICE/SF

$93 USD /SF

# OF UNITS

10

PRICE/UNIT

$57,500

CAP RATE

Request Cap Rate

% LEASED

90%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

10-Unit Multifamily | Value-Add Opportunity

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1979

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.45 AC

LAND SF

19,602 SF

ZONING

R-3

APN/PARCEL ID

N064-0239

ASK ABOUT THIS PROPERTY

Brice BurnsBull Realty Inc.More Info
478-733-4245

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Brice BurnsBull Realty Inc.More Info
478-733-4245

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