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Investment Highlights
- Portfolio consists of seven multifamily properties totaling 80 units.
- Unit mix includes one-, two-, and three-bedroom floor plans.
- Trailing twelve-month NOI reported at $693,292 before debt service.
- Renovations were completed across the portfolio between 2022 and 2024.
- Assets are located throughout multiple Macon residential submarkets.
- Offering is marketed at a 7.25% capitalization rate.
Executive Summary
The Macon Apartment Portfolio offers investors the opportunity to acquire 80 apartment units across seven multifamily properties strategically located throughout Macon, Georgia. The portfolio includes Country Club Apartments, N. Pierce Circle Apartments, Highpoint & Marjorie Apartments, Riley Court Apartments, Delaware Court Apartments, Rogers Avenue Apartments, and Willow Court, providing a diversified mix of unit types and locations within the market.
The assets consist primarily of brick veneer, duplex, and low-density garden-style apartment communities situated on individual parcels throughout the city. Renovation programs completed between 2022 and 2024 have enhanced much of the portfolio, creating a collection of updated housing assets with a broad mix of one-, two-, and three-bedroom floor plans. The portfolio benefits from established residential neighborhoods, access to employment centers throughout Macon-Bibb County, and connectivity via major local thoroughfares serving the region.
Based on the trailing twelve-month operating statements provided, the portfolio generated $1,043,161 in total income and $693,292 in net operating income before debt service. The offering is marketed at $9,560,000 with an indicated capitalization rate of 7.25%. The diversified property mix, multiple renovation vintages, and broad resident appeal create exposure across several submarkets within Macon while reducing reliance on any single asset.
The assets consist primarily of brick veneer, duplex, and low-density garden-style apartment communities situated on individual parcels throughout the city. Renovation programs completed between 2022 and 2024 have enhanced much of the portfolio, creating a collection of updated housing assets with a broad mix of one-, two-, and three-bedroom floor plans. The portfolio benefits from established residential neighborhoods, access to employment centers throughout Macon-Bibb County, and connectivity via major local thoroughfares serving the region.
Based on the trailing twelve-month operating statements provided, the portfolio generated $1,043,161 in total income and $693,292 in net operating income before debt service. The offering is marketed at $9,560,000 with an indicated capitalization rate of 7.25%. The diversified property mix, multiple renovation vintages, and broad resident appeal create exposure across several submarkets within Macon while reducing reliance on any single asset.
Property Facts
| Price | $9,560,000 | Number of Properties | 7 |
| Price / SF | $147.95 / SF | Individually For Sale | 0 |
| Cap Rate | 7.25% | Total Building Size | 64,618 SF |
| Sale Type | Investment | Total Land Area | 4.87 AC |
| Status | Active |
| Price | $9,560,000 |
| Price / SF | $147.95 / SF |
| Cap Rate | 7.25% |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 7 |
| Individually For Sale | 0 |
| Total Building Size | 64,618 SF |
| Total Land Area | 4.87 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
| 3413 Vineville Ave, Macon, GA 31204 | Multifamily | 8,414 SF | 1980 | - |
|
Country Club Apartments
130 Tucker Rd, Macon-Bibb, GA 31210 |
Multifamily | 22,000 SF | 1965 | - |
|
North Pierce Circle Duplexes
2542 N Pierce Cir, Macon-Bibb, GA 31204 |
Multifamily | 11,992 SF | 1950 | - |
| 2512-2522 Delaware Ave, Macon-Bibb, GA 31204 | Multifamily | 7,992 SF | 1968 | - |
| 182 Riley Ave, Macon-Bibb, GA 31204 | Multifamily | 7,800 SF | 2023 | - |
| 142 Rogers Ave, Macon-Bibb, GA 31204 | Multifamily | 4,480 SF | 1964 | - |
| 3246 High Point Dr, Macon-Bibb, GA 31204 | Multifamily | 1,940 SF | 1961 | - |
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