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- LoopNet Team
1895 Clinton Rd
Macon-Bibb, GA 31211
The Cliffs · Multifamily Property For Sale
·
142 Units
INVESTMENT HIGHLIGHTS
- Value Add Opportunity
- Current Occupancy Rate of 98.59%
- Current Rents 26% Below Overall Submarket Rents
- Renovated Units Expected to Increase Monthly Rents $150 to $200
- Assumable Debt in Place
- Easy Access to Interstate 75 - 75 Minutes South of Atlanta
PROPERTY FACTS
| No. Units | 142 | Building Size | 131,538 SF |
| Property Type | Multifamily | Average Occupancy | 99% |
| Property Subtype | Apartment | No. Stories | 3 |
| Apartment Style | Garden | Year Built | 1970 |
| Building Class | C | Parking Ratio | 1.91/1,000 SF |
| Lot Size | 8.57 AC | ||
| Zoning | R3 | ||
| No. Units | 142 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 8.57 AC |
| Building Size | 131,538 SF |
| Average Occupancy | 99% |
| No. Stories | 3 |
| Year Built | 1970 |
| Parking Ratio | 1.91/1,000 SF |
| Zoning | R3 |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Balcony
- Cable Ready
- Heating
- Crown Molding
- Tub/Shower
- Carpet
SITE AMENITIES
- Clubhouse
- Fitness Center
- Laundry Facilities
- Picnic Area
- Playground
- Gated
- Grill
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 37 | - | 750 |
| 2+2 | 35 | - | 1,000 |
| 3+2 | 35 | - | 1,200 |
| 4+2 | 35 | - | 1,400 |
PROPERTY TAXES
| Parcel Number | R062-0013 | Improvements Assessment | $732,020 |
| Land Assessment | $195,000 | Total Assessment | $927,020 |
PROPERTY TAXES
Parcel Number
R062-0013
Land Assessment
$195,000
Improvements Assessment
$732,020
Total Assessment
$927,020
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