2454 Houston Ave Macon, GA 31206
- Commercial real estate
- 3,084 SF
- 0.29 lot acres
Current Use by Public Records
- Commercial real estate
Property Details for 2454 Houston Ave
- Year built
- 1940
- Lot size
- 0.29 lot acres
- Property size
- 3,084 SF
- Property type
- Commercial real estate
Description
This exceptional value-add investment opportunity presents a five-unit apartment building situated on a 0.29-acre lot at 2454 Houston Ave, Macon, GA 31206. The property, built in 1940, consists of two, two-story buildings totaling 3,084 square feet. Currently, the occupancy rate stands at 60%, with three units already leased. This presents a unique chance to increase profitability by renovating the two vacant units and potentially raising rents in the occupied units. The asking price is $150,000, translating to $30,000 per unit and $48.64 per square foot. The property's location in Bibb County offers significant potential for rental income growth. All cash offers are encouraged. Serious investors should note that the property is being sold as-is. Please respect the privacy of current tenants and refrain from disturbing them during showings. This is a prime opportunity for an investor seeking a hands-on project with substantial upside potential. The property's solid foundation and existing rental income provide a strong base for future growth and returns. Don't miss this chance to acquire a well-located multifamily property in a growing market.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Macon
- County
- Bibb
- State
- Georgia
- Longitude
- -83.6439013
- Latitude
- 32.8154451
