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Linkwood Manor 3389 Sherry Dr 56 Unit Apartment Building $2,968,000 ($53,000/Unit) 8% Cap Rate Macon-Bibb, GA 31206
INVESTMENT HIGHLIGHTS
- Individually metered for electricity – Tenants pay direct to Georgia Power
- Complex has buildings that were built on both Slab & Crawl. Roughly 50% mixture
- Wall heaters inside each unit - 90% of Electric Panels have been upgraded
- Rent includes water/sewer expense
- HVAC: window units – 90% of the machines are new
- Section 8 Tenants – about 3-5 units
EXECUTIVE SUMMARY
Broker of Record
Bill Pedersen
License # 80041 (GA)
Matthews
1600 West End, Ste. 1500 Nashville, TN 37203
Bill Pedersen
License # 80041 (GA)
Matthews
1600 West End, Ste. 1500 Nashville, TN 37203
PROPERTY FACTS
| Price | $2,968,000 | Apartment Style | Garden |
| Price Per Unit | $53,000 | Building Class | C |
| Sale Type | Investment | Lot Size | 4.42 AC |
| Cap Rate | 8% | Building Size | 32,885 SF |
| Gross Rent Multiplier | 5 | Average Occupancy | 86% |
| No. Units | 56 | No. Stories | 1 |
| Property Type | Multifamily | Year Built | 1968 |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Zoning | R-3 Multi-family | ||
| Price | $2,968,000 |
| Price Per Unit | $53,000 |
| Sale Type | Investment |
| Cap Rate | 8% |
| Gross Rent Multiplier | 5 |
| No. Units | 56 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 4.42 AC |
| Building Size | 32,885 SF |
| Average Occupancy | 86% |
| No. Stories | 1 |
| Year Built | 1968 |
| Opportunity Zone |
Yes |
| Zoning | R-3 Multi-family |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Cable Ready
- Heating
- Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
- Patio
- Wheelchair Accessible (Rooms)
SITE AMENITIES
- Pet Play Area
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 40 | - | 550 |
| 2+1 | 15 | - | 669 |
| 3+2 | 1 | - | 850 |
1 1
PROPERTY TAXES
| Parcel Number | O094-0210 | Improvements Assessment | $460,582 |
| Land Assessment | $145,298 | Total Assessment | $605,880 |
PROPERTY TAXES
Parcel Number
O094-0210
Land Assessment
$145,298
Improvements Assessment
$460,582
Total Assessment
$605,880
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Linkwood Manor | 3389 Sherry Dr
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