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3861 Myrtle Ct Macon, GA 31206

For Sale
$1,417,500

18-unit portfolio in Macon, GA with value-add potential.

Property size:
19,145 SF

Property Features for 3861 Myrtle Ct

General Information

Size
19,145 SF

Building Details

Year built
1941

Source: Troy Reynolds Agent Troy Reynolds

Displayed information is deemed reliable but is not guaranteed and should be independently verified.


Overview

Macon Multifamily Investment Opportunity

This 18-unit portfolio in Macon, GA, presents a value-add opportunity for investors. Consisting primarily of single-family homes, the portfolio offers a foundation with a mix of maintained properties and units that present opportunities for renovations. Current rents are below market value, providing upside potential through rental increases. Targeted improvements can enhance the appeal of these properties and maximize returns. The portfolio is offered at a listing price of $1,417,500. The portfolio spans a range of conditions, from turnkey homes that require minimal attention to properties in need of capital expenditures. Many units fall in the middle, allowing an investor to take a phased approach to renovations and value-add improvements. Strategic upgrades such as modernized interiors, improved landscaping, and energy-efficient features can increase rents, attract high-quality tenants, and reduce vacancy rates. Macon is an attractive market for real estate investors due to its affordability, rental demand, and economic growth. The city benefits from a diverse economy driven by major employers in healthcare, education, and logistics, including Atrium Health Navicent, Mercer University, and the nearby Warner Robins Air Force Base. Macon's central location in Georgia, along with ongoing infrastructure improvements and revitalization efforts, continues to fuel population growth and housing demand. The Macon-Warner Robins metropolitan area has a total population of 432,109, reflecting a 0.70% increase from 2020 to 2022. Macon-Bibb County has seen a 1.81% employment growth from 2020 to 2021. The property has 19,145 square feet and a 90% occupancy rate.
Property Profile Insight Report Location Intelligence

Current Use by Public Records

Single family properties

Suggested Use

Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Skin Care Clinic

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

  • Map
  • Local Demand
City
Macon
County
Bibb
State
Georgia
Longitude
-83.6558719
Latitude
32.7966955

FAQs

What type of property is this?
Apartment building - 18-unit portfolio in Macon, GA with value-add potential.
Where is this apartment building located?
The property is located at 3861 Myrtle Ct Macon, GA.
What is the asking price?
The asking price for this property is $1,417,500.
What are key features of this property?
This property features: - Value-add opportunity with potential for increased rental income through strategic renovations and upgrades.; - Strong cash flow potential due to below-market rents and Macon's growing rental market.; - Portfolio of 18 units, primarily single-family homes, providing diversification.
More about this property
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