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Ingleside Terrace & Magnolia Terrace 2 Multifamily Properties in Macon, GA
INVESTMENT HIGHLIGHTS
- Desirable Unit Mix with Strong Rental Appeal
- Below-Market Acquisition Basis
- Efficient Operational Upside
- Attractive Value-Add Opportunity
- Stable Regional Demand Drivers
EXECUTIVE SUMMARY
The Ingleside Terrace & Magnolia Terrace Portfolio offers investors the opportunity to acquire a 174-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 portfolio provides immediate operational upside through strategic
renovations, improved management execution, and a clear lease-up pathway.
The properties offer a uniquely attractive blend of townhomes and traditional flats designed to appeal to a wide spectrum of Macon’s renter base:
Ingleside Terrace: an 80-unit townhome community, featuring spacious two-story layouts ideal for families and long-term residents seeking additional
space and privacy.
Magnolia Terrace: a 94-unit community consisting of 80 garden-style flats and 14 townhomes, creating versatility and broad absorption potential.
Both communities are 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.
economically diverse Macon, Georgia market. Priced at a compelling basis well below replacement cost, the portfolio provides immediate operational upside through strategic
renovations, improved management execution, and a clear lease-up pathway.
The properties offer a uniquely attractive blend of townhomes and traditional flats designed to appeal to a wide spectrum of Macon’s renter base:
Ingleside Terrace: an 80-unit townhome community, featuring spacious two-story layouts ideal for families and long-term residents seeking additional
space and privacy.
Magnolia Terrace: a 94-unit community consisting of 80 garden-style flats and 14 townhomes, creating versatility and broad absorption potential.
Both communities are 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 | Individually For Sale | 0 |
| Status | Active | Total Building Size | 127,780 SF |
| Number of Properties | 2 | Total Land Area | 7.34 AC |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 2 |
| Individually For Sale | 0 |
| Total Building Size | 127,780 SF |
| Total Land Area | 7.34 AC |
PROPERTIES
| PROPERTY NAME / ADDRESS | PROPERTY TYPE | SIZE | YEAR BUILT | INDIVIDUAL PRICE |
|---|---|---|---|---|
|
Ingleside Terrace
365 Rogers Ave, Macon, GA 31204 |
Multifamily | 74,240 SF | 1973 | - |
|
Magnolia Terrace
4151 Log Cabin Dr, Macon, GA 31204 |
Multifamily | 53,540 SF | 1972 | - |
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CONTACTS
-
Marco Welch -
Scott Spalding -
Joe Mitchell -
Metropolitan Multifamily & Investments
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Ingleside Terrace & Magnolia Terrace
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