1161 Boulevard
Macon, GA 31211
Kingstowne North Apartments · Multifamily Property For Sale
·
20 Units
Property Facts
| No. Units | 20 | Lot Size | 0.45 AC |
| Property Type | Multifamily | Building Size | 22,000 SF |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built | 1967 |
| Building Class | C | ||
| Zoning | R-3 | ||
| No. Units | 20 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.45 AC |
| Building Size | 22,000 SF |
| No. Stories | 2 |
| Year Built | 1967 |
| Zoning | R-3 |
About 1161 BOULEVARD , MACON, GA 31211
Property consists of 20 units. Only 4 units rented today. Needs new ownership. Buyer is out of town and has had very difficult time managing property. New management was just hired June 1st 2018. Property has deferred maintenance. Its estimated that property needs $7,000 to $7,500 per unit which includes grounds, common areas and exteriors of buildings. Several units are very close to rent ready. Several are mid range as far as repairs needed and several need complete renovation. Management is currently evaluating and putting together a plan to complete renovation but owner would rather sell and be done with project. Some debt is in place and lender might allow assumption. First mortgage is 175k @ 10.50% interest only. Second mortgage is 81k with payments of $500 per month. BRING ALL OFFERS!!!
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 3+2 | 8 | $550.00 | 1,250 |
| 2+2 | 12 | $449.50 | 1,000 |
Property Taxes
| Parcel Number | R064-0326 | Improvements Assessment | $123,898 |
| Land Assessment | $9,000 | Total Assessment | $132,898 |
Property Taxes
