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Property profile

140 Prentice Pl Macon, GA 31204

OFF-MARKET
Commercial real estate
Property ID
US22-1997865
6,204 SF 0.45 ac lot Built 1979
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Property summary

AI-generated overview

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.

Property profile

Verified
Property type Commercial real estate
Year built 1979
Total area 6,204 SF
Lot 0.45 ac (19,602 SF)
UPID US22-1997865

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

140 Prentice Pl Macon, GA 31204
Macon metro
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Value estimations

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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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