Menu
t r a n s l a t e

Crystal Lake | 235 Units on 50 Acres

1000 Crystal Lake Circle
Macon, GA 31206
PRICE : $8,500,000
PROPERTY TYPE: Multifamily
SITE SIZE: 50.00 Acres
UNITS: 235
YEAR BUILT: 1971

Highlights

  • Value-add reposition opportunity
  • 235 units on just under 50 acres
  • Lake front expansion opportunity
  • Elevators in high-rise and mid-rise
  • Swimming pool, clubhouse and lake
  • Originally developed in 1971
  • Approximately 530 parking spaces
  • Offered as is, offers encouraged
  • Unit mix includes 119 three to four bedroom units

Description

Crystal Lake is a 235-unit gated community surrounding a tranquil lake on just under 50 acres in Macon Georgia. The existing facilities include a 12-story high-rise with 58 units, a 6-story mid-rise with 24 units, and 153 units in smaller multifamily buildings.

Crystal Lake has been known as the most sought after rental community in Macon. The property is now a reposition opportunity. The apartments are vacant allowing an immediate renovation and new identity. Estimating renovations at $3 million, projections illustrate strong returns, see page 6 of the Offering Memorandum. For additional upside the property has multiple areas to add additional residences facing the lake.

Macon has become a great place to invest. “In the last two years… more than $800 million in new private investment… have generated over 1,100 new jobs…” “Macon’s downtown has awakened, 53 restaurants opened downtown in recent years.” Atlanta
Business Chronicle December 2018.

Request more information