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1655 N Atwood Dr
Macon-Bibb, GA 31204
Villas on Mercer · Multifamily Property For Sale
·
40 Units
Investment Highlights
- Strong operating asset with great performance trend - 7% in-place cap rate
- Ideal unit mix with 90% two- and three-bedroom TH floorplans
- Prime location near the new Macon Mall Redevelopment
- Turnkey asset with over $19.5k/unit invested in CapEx
- Strong Middle Georgia Economy projected to exceed national standards
Property Facts
| No. Units | 40 | Building Size | 42,260 SF |
| Property Type | Multifamily | Average Occupancy | 95% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Garden | Year Built/Renovated | 1972/2014 |
| Building Class | C | Parking Ratio | 1.9/1,000 SF |
| Lot Size | 2.75 AC | ||
| Zoning | R-3 | ||
| No. Units | 40 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 2.75 AC |
| Building Size | 42,260 SF |
| Average Occupancy | 95% |
| No. Stories | 2 |
| Year Built/Renovated | 1972/2014 |
| Parking Ratio | 1.9/1,000 SF |
| Zoning | R-3 |
Amenities
Unit Amenities
- Air Conditioning
- Dishwasher
- Disposal
- Washer/Dryer Hookup
- Heating
- Ceiling Fans
- Kitchen
- Refrigerator
- Oven
- Range
- Lawn
Site Amenities
- 24 Hour Access
- Property Manager on Site
- Tenant Controlled HVAC
- Gated
- Smoke Free
- Maintenance on site
- Walk-Up
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 4 | $792.00 | 750 |
| 2+1.5 | 24 | $887.50 | 1,015 |
| 3+1.5 | 12 | $1,050 | 1,100 |
Property Taxes
| Parcel Number | M084-0193 | Improvements Assessment | $209,760 |
| Land Assessment | $71,500 | Total Assessment | $281,260 |
Property Taxes
Parcel Number
M084-0193
Land Assessment
$71,500
Improvements Assessment
$209,760
Total Assessment
$281,260
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