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635 Orange St
Macon-Bibb, GA 31201 Downtown Macon

Price Upon Request

Apartments For Sale  •  8,074 SF

Property Details

  • Property Type Apartments
  • Total Building Size 8,074 SF
  • Lot Size 0.28 AC
  • Building Class B
  • Year Built 1880
  • Zoning HR-3
0 Transit Score
78 Walk Score

Highlights

This rare offer provides a fully occupied, 9-unit apartment community, with significant interior upgrades completed a few years ago.
Investors can benefit from a 24% rental upside to bring the stabilized cap rate up to 8.49%, with an in-place cap rate at 6.7%
Proximity to The Medical Center provides consistent demand for rental housing, with numerous recent expansions increasing overall staff headcount.
The units average 772 SF, with 7 one-bedroom units, a two-bedroom unit, and a three-bedroom unit with two-and-a-half baths.