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635 Orange St
Macon-Bibb, GA 31201
Multifamily Property For Sale
·
9 Units
Investment Highlights
- This rare offer provides a fully occupied, 9-unit apartment community, with significant interior upgrades completed a few years ago.
- Proximity to The Medical Center provides consistent demand for rental housing, with numerous recent expansions increasing overall staff headcount.
- Investors can benefit from a 24% rental upside to bring the stabilized cap rate up to 8.49%, with an in-place cap rate at 6.7%
- The units average 772 SF, with 7 one-bedroom units, a two-bedroom unit, and a three-bedroom unit with two-and-a-half baths.
Property Facts
| No. Units | 9 | Lot Size | 0.28 AC |
| Property Type | Multifamily | Building Size | 8,074 SF |
| Property Subtype | Apartment | No. Stories | 2 |
| Building Class | B | Year Built/Renovated | 1880/1960 |
| Zoning | HR-3 | ||
| No. Units | 9 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | B |
| Lot Size | 0.28 AC |
| Building Size | 8,074 SF |
| No. Stories | 2 |
| Year Built/Renovated | 1880/1960 |
| Zoning | HR-3 |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 7 | - | - |
| 2+2 | 1 | - | - |
| 3+2.5 | 1 | - | - |
Property Taxes
| Parcel Number | Q073-0305 | Improvements Assessment | $84,648 |
| Land Assessment | $59,270 | Total Assessment | $143,918 |
Property Taxes
Parcel Number
Q073-0305
Land Assessment
$59,270
Improvements Assessment
$84,648
Total Assessment
$143,918
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