372 Grier St Macon, GA 31204

Property Details for 372 Grier St

Year built

1956

Lot size

0.37 lot acres

Property type

Commercial real estate

Description

This Macon, Georgia multifamily investment opportunity consists of three duplexes, each featuring two 2-bedroom, 1-bathroom units. Located at 372 Grier St, Macon, GA 31204, this property sits on a 0.37-acre lot and boasts a recently paved parking lot with six spaces total. The property was built in 1956 and features recently installed new roofs. Each unit is currently rented, with tenants responsible for electricity and a portion of the water and internet bills. The owner covers the remaining water and internet expenses. This property is part of a larger five-property portfolio totaling 36 units and is offered at $335,000 ($55,833 per unit). The portfolio has an existing assumable, non-recourse first loan with an attractive 3.95% interest rate and a 10-year original term. A 1% assumption fee applies. A seller second loan may be available with a minimum 35% down payment, with terms negotiable. The seller is open to facilitating a 1031 tax-deferred exchange, provided it doesn't create additional expenses or liabilities for the seller. This property may be purchased separately from the portfolio. This is a turnkey investment opportunity with below-market interest rate financing potential. The property is conveniently located in Bibb County.