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476 3rd St
Macon, GA 31201
Dannenberg Lofts · Multifamily Property For Sale
·
67 Units
PROPERTY FACTS
| No. Units | 67 | Lot Size | 0.51 AC |
| Property Type | Multifamily | Building Size | 68,907 SF |
| Property Subtype | Apartment | Average Occupancy | 96% |
| Apartment Style | Mid-Rise | No. Stories | 3 |
| Building Class | B | Year Built/Renovated | 2013/2014 |
| Zoning | CBD-1 - Central Business District | ||
| No. Units | 67 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | B |
| Lot Size | 0.51 AC |
| Building Size | 68,907 SF |
| Average Occupancy | 96% |
| No. Stories | 3 |
| Year Built/Renovated | 2013/2014 |
| Zoning | CBD-1 - Central Business District |
ABOUT 476 3RD ST , MACON, GA 31201
Marcus and Millichap is pleased to present the exclusive listing of Dannenberg Lofts, a 67-unit apartment and 3 store-front mixed-use property located in Macon, GA. This historical building was downtown Macon's first loft project and continues to be a cornerstone monument of the city. With it's unique interior architecture, Dannenberg Lofts has the ability to command rent and set the market standard. Along with fitness center, the property has a multi-level parking deck. Dannenberg Lofts is currently renting below market and has potential to push average rent $100 without making any capital improvements. This asset represents a great opportunity for any long-term investor that's looking to invest in a strong secondary market.
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 7 | $715.50 | 584 - 647 |
| 1+1 | 47 | $770.50 | 786 - 1,080 |
| 2+2 | 10 | $1,176 | 1,251 - 1,260 |
| 3+2 | 1 | $1,301 | 1,467 |
PROPERTY TAXES
| Parcel Number | R073-0336 | Improvements Assessment | $2,143,014 |
| Land Assessment | $167,952 | Total Assessment | $2,310,966 |
PROPERTY TAXES
