Stabilized Multifamily Asset with
For Sale
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2360 Tredway Dr, Macon, GA 31211
Workforce housing with rent upside and assumable financing.
Property Size107,100 SF
Days on Market160
Property Features for 2360 Tredway Dr
General Information
Standard status
Active
Size
107,100 SF
Property subtype
Multifamily
Building Details
Buildings
10
Units
98
Listed By:
John Bergin · License #206244
Source:
Crexi
Added: Mar 5
Changed: Aug 8
Last Checked: Jul 22 at 10:26AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of John Bergin
Investment Insights
Based on property information with market context.
The Oaks is a multifamily property operating at approximately 94% occupancy. It caters to the workforce housing segment, featuring 2- and 3-bedroom units. These units are in demand due to their affordability and size compared to newer constructions. The property has demonstrated the potential to achieve $900 rents on 2-bedroom units and $1,200 rents on 3-bedroom units through updates such as flooring, painted cabinetry, and cosmetic improvements. A portion of the tenant base consists of long-term residents paying rents below market levels, presenting a mark-to-market opportunity. With a current rent roll of approximately $81,000 per month, there is a pathway toward $95,000+ per month in gross rent. The investment includes assumable Fannie Mae agency financing, allowing buyers to assume below-market senior debt and layer a supplemental loan, producing a projected blended interest rate. Financing can be structured at approximately 75% loan-to-value through a combination of assumable agency debt and a concurrent supplemental loan. The Oaks is located in Macon, GA and consists of a 107100 square foot property.
Key Highlights
- Assumable Fannie Mae agency financing with a projected blended interest rate in the low 6% range, below prevailing market rates.
- Significant mark‑to‑market rent opportunity with long‑term legacy residents paying below‑market rents.
- Currently operating at approximately 94% occupancy with strong collections.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
155
Businesses Nearby
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Business Placement
Demographics for 31211, GA
15,867
Population
7,736
Households
2.1
Avg Household Size
41
Median Age
27%
College-Educated
88%
High-School Grad
44.3 sq mi
ZIP Area
358
Density / Sq Mi
$51,595
Median Household Income
$35,525
Median Earnings
$918
Median Rent
$159,600
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Apartment building - Workforce housing with rent upside and assumable financing.
Where is this apartment building located?
The property is located at 2360 Tredway Dr Macon, GA.
What are key features of this property?
This property features: Assumable Fannie Mae agency financing with a projected blended interest rate in the low 6% range, below prevailing market rates.; Significant mark‑to‑market rent opportunity with long‑term legacy residents paying below‑market rents.; Currently operating at approximately 94% occupancy with strong collections.
