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The Oaks Apartments Macon | 98 Units | 8% Cap Rate

2360 Tredway Drive
Macon, GA 31211
PRICE : $3,985,000
CAP RATE: 8%
PROPERTY TYPE: Multifamily
SITE SIZE: 7.76 Acres
UNITS: 98
YEAR BUILT: 1974

Highlights

  • Average rents 22% below market
  • Average cap rate for this submarket is 6.1%
  • Large units – 28 three bedrooms of 1,200 SF
  • 69 two bedrooms of 1,050 SF
  • 1 bedroom of 575 SF
  • Strong demand generators

Description

Opportunity to acquire 98 unit townhome community offering strong 8.04 % cap rate at closing plus tremendous upside. This 100% occupied property has had 65 of the units renovated in the last two years.

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