2360 Tredway Dr Macon, GA 31211
Workforce housing with rent upside and assumable financing.
Property size:
107,100 SFProperty Features for 2360 Tredway Dr
General Information
- Standard status
- Active
- Size
- 107,100 SF
Source:
Crexi
Listing Agent: John Bergin
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
Stabilized Multifamily Asset with Upside
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.
Location Intelligence
Current Use by Public Records
The Oaks
Apartment Building
Location Insight
- Map
- Local Demand
- City
- Macon
- County
- Bibb
- State
- Georgia
- Longitude
- -83.5942091
- Latitude
- 32.8625985
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FAQs
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.
