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4151 Log Cabin Dr
Macon-Bibb, GA 31204
Magnolia Terrace · Multifamily Property For Sale
·
94 Units
Investment Highlights
- Desirable Unit Mix with Strong Rental Appeal: 80 flats + 14 townhomes, enabling broad renter appeal and absorption flexibility
- Below-Market Acquisition Basis
- Stable Regional Demand Drivers
- Attractive Value-Add Opportunity
- Clear Path to Stabilization: expected to stabilize within 24 months due to strong demand for one-bedroom flats and townhomes
- Efficient Operational Upside
Executive Summary
Magnolia Terrace offers investors the opportunity to acquire a 94-unit value-add workforce housing platform in the steadily growing and economically diverse Macon, Georgia market. Priced at a compelling basis well below replacement cost, the property provides immediate operational upside through strategic renovations, improved management execution, and a clear lease-up pathway.
The property offers a uniquely attractive blend of townhomes and traditional flats designed to appeal to a wide spectrum of Macon’s renter base. Magnolia Terrace is a 94-unit community consisting of 80 garden-style flats and 14 townhomes, creating versatility and broad absorption potential.
The community is well located within established residential corridors near Macon’s primary economic drivers—including healthcare, higher education, logistics, and manufacturing—ensuring a stable and durable renter pool. With Macon’s population holding steady at ~155,000, the submarket demonstrates consistent demand for affordable workforce housing.
Operational performance currently trails market norms, offering a clear and achievable value-add runway. Light interior turns are estimated between $5,000 and $7,500 per
unit, providing a cost-effective path to modernizing units, enhancing curb appeal, and elevating resident experience. These improvements support meaningful rent premiums
and stronger absorption without the risks associated with heavy construction.
The property offers a uniquely attractive blend of townhomes and traditional flats designed to appeal to a wide spectrum of Macon’s renter base. Magnolia Terrace is a 94-unit community consisting of 80 garden-style flats and 14 townhomes, creating versatility and broad absorption potential.
The community is well located within established residential corridors near Macon’s primary economic drivers—including healthcare, higher education, logistics, and manufacturing—ensuring a stable and durable renter pool. With Macon’s population holding steady at ~155,000, the submarket demonstrates consistent demand for affordable workforce housing.
Operational performance currently trails market norms, offering a clear and achievable value-add runway. Light interior turns are estimated between $5,000 and $7,500 per
unit, providing a cost-effective path to modernizing units, enhancing curb appeal, and elevating resident experience. These improvements support meaningful rent premiums
and stronger absorption without the risks associated with heavy construction.
Property Facts
| Sale Type | Investment | Lot Size | 5.60 AC |
| No. Units | 94 | Building Size | 53,540 SF |
| Property Type | Multifamily | Average Occupancy | 71% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Garden | Year Built | 1972 |
| Building Class | C | Parking Ratio | 1.51/1,000 SF |
| Zoning | R-2 | ||
| Sale Type | Investment |
| No. Units | 94 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 5.60 AC |
| Building Size | 53,540 SF |
| Average Occupancy | 71% |
| No. Stories | 2 |
| Year Built | 1972 |
| Parking Ratio | 1.51/1,000 SF |
| Zoning | R-2 |
Amenities
Unit Amenities
- Air Conditioning
- Washer/Dryer Hookup
- Refrigerator
- Oven
- Range
Site Amenities
- Picnic Area
- Furnished Units Available
- Trash Pickup - Door to Door
- Walking/Biking Trails
- Walk-Up
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 79 | - | 510 |
| 2+1.5 | 15 | - | 910 |
Property Taxes
| Parcel Number | M081-0139 | Improvements Assessment | $1,378,584 |
| Land Assessment | $313,936 | Total Assessment | $1,692,520 |
Property Taxes
Parcel Number
M081-0139
Land Assessment
$313,936
Improvements Assessment
$1,378,584
Total Assessment
$1,692,520
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