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4090 Napier Ave 5.71 Acres of Residential Land Offered at $650,000 in Macon-Bibb, GA 31204
EXECUTIVE SUMMARY
4090 Napier Avenue Macon, GA. A Potential Lucrative Redevelopment Venture. A proposed Multi-Family Apartment Community development which already has Planning and Zoning approval. The apartment development is a +/-5.7 acre tract located at 4090 Napier Ave Macon, GA 31204The development includes a total of 120 proposed units among 5 buildings. Each building will have 24 units. Each unit will consist of 2 bedrooms. The units are approximately 1100 sq ft. each and can lease up to $1050.00 monthly. Grossing over $1,500,000.00 annually. The site is a former school and the existing structures will need to be demolished to make way for the development. The existing gymnasium building will serve as a community center and clubhouse for the apartment community. ( see site development plan)Great location and offers proximity to I-75 and I-475. Convenient shopping, restaurants and schools.
PROPERTY FACTS
| Price | $650,000 | Property Subtype | Residential |
| Sale Type | Investment | Proposed Use | |
| No. Lots | 1 | Total Lot Size | 5.71 AC |
| Property Type | Land | ||
| Zoning | R-2 - Residential | ||
| Price | $650,000 |
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Residential |
| Proposed Use | |
| Total Lot Size | 5.71 AC |
| Zoning | R-2 - Residential |
1 LOT AVAILABLE
Lot
| Price | $650,000 | Lot Size | 5.71 AC |
| Price Per AC | $113,835.38 |
| Price | $650,000 |
| Price Per AC | $113,835.38 |
| Lot Size | 5.71 AC |
DESCRIPTION
A proposed Multi-Family Apartment Community development which already has Planning and Zoning approval. The site is a former school and the existing structures will need to be demolished to make way for the development. The existing gymnasium building will serve as a community center and clubhouse for the apartment community. ( see site development plan)Great location and offers proximity to I-75 and I-475. Convenient shopping ,restaurants and schools.
1 1
PROPERTY TAXES
| Parcel Number | N063-0271 | Improvements Assessment | $117,204 |
| Land Assessment | $34,707 | Total Assessment | $151,911 |
PROPERTY TAXES
Parcel Number
N063-0271
Land Assessment
$34,707
Improvements Assessment
$117,204
Total Assessment
$151,911
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Presented by
Covenant Realty Associates, LLC
4090 Napier Ave
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