Property summary
This exceptional 10-unit multifamily property presents a compelling value-add opportunity in Macon, Georgia. Located at 140 Prentice Place, this two-story, 6,204 square foot building sits on a 0.45-acre lot (APN: N064-0239) and boasts a prime location off Vineville Avenue, offering convenient access to downtown Macon and Mercer University. Constructed in 1979, the building comprises ten one-bedroom, one-bathroom units, six on the ground floor and four on the second. Currently operating at 90% occupancy, this property presents significant potential for increased revenue through unit renovations and rent adjustments. Each unit includes washer and dryer hookups. The property is zoned R-3, providing flexibility for future development. This central location ensures easy access to all areas of Macon, making it an attractive investment for both residents and investors. The asking price is $625,000. This is a rare opportunity to acquire a well-situated multifamily property with substantial upside potential in a thriving Georgia market.
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6 recent transactions · within 1.5 miComparable in this City
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Property description
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