5307 Houston Rd - Apartments FOR SALE


Macon-Bibb, GA 31216
$725,000 USD
850-780-0728
5307 Houston Rd, Macon-Bibb, GA for Sale
$725,000 USD
Apartments - FOR SALE
1/25
null | Request Cap Rate

5307 Houston Rd
Macon-Bibb, GA 31216


HIGHLIGHTS

  • 5307 Houston Road presents an apartment property spanning seven buildings with 11 units total.
  • The unit mix consists of eight studio/ one-bathroom units, and three two-bedroom/ one-bathroom units.
  • Macon is a beautiful suburb south of Atlanta seeing growth from Atlanta residents seeking peace and that close-knit sense of community.
  • All units are fully occupied, enabling significant cash-flow.

OVERVIEW

HH Realty is pleased to present the investment opportunity at 5307 Houston Road, an apartment complex with 11 units spread over seven buildings. This property is a fantastic investment opportunity for a multifamily apartment complex off Houston Road in Macon, GA. It is fully occupied and generating substantial rental income. This property offers consistent cash flow and future growth potential, which is ideal for seasoned investors. There are seven buildings with 11 units; three are two-bedroom/ one-bathroom units, each with a screened porch, and four duplexes with two studio units per duplex (eight studios total), all with walk-in shower bathrooms. Each unit has a back patio, washer/dryer, AC system, fridge, stove, and dishwasher; dedicated parking is available. This is a spacious 3.23-acre lot with room for future development. Tenants pay for electricity; the owner covers water and garbage. Gross Yearly Income: $92,880 with full occupancy Great rental potential makes this investment opportunity ideal for expanding an investor's portfolio. Inquire today for more information; please do not disturb the tenants.

FOR SALE DETAILS

PRICE

$725,000 USD

PRICE/SF

$113 USD /SF

# OF UNITS

11

PRICE/UNIT

$65,909

CAP RATE

Request Cap Rate

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Manufactured Housing/Mobile Housing, Dormitory

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1950

PARKING SPACES

-

LAND DETAILS

LAND ACRES

3.23 AC

LAND SF

140,699 SF

ZONING

-

APN/PARCEL ID

O120-0104

ASK ABOUT THIS PROPERTY

Darlyne ZoltakHH RealtyMore Info
850-780-0728

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Darlyne ZoltakHH RealtyMore Info
850-780-0728

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