For Sale
$335,000

372 Grier StMacon, GA 31204

Six-unit apartment building, great ROI.

Overview

Added:
Dec 11, 2024
Days on market:
115
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.

Highlights

  • Six-unit multifamily property consisting of three duplexes, each with two 2-bedroom, 1-bathroom units.
  • Recently paved parking lot with six spaces total.
  • Tenants pay electricity and a portion of water and internet; owner pays a portion of water and internet.
  • New roofs recently installed.
  • Part of a five-property, 36-unit portfolio with an assumable, non-recourse first loan at 3.95% interest; seller financing may be available.
  • Potential for 1031 exchange; separate purchase from portfolio possible.

Property Details for 372 Grier St

Property type
Apartment buildings
Year Built
1956
Buildings
3
Stories
1
Lot Size (sq. ft)
16,117 SF
Units
6

Location Insight

City
Macon
County
Bibb
State
Georgia
Latitude
32.8505642
Longitude
-83.6538101
372 Grier St, Macon, Georgia

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372 Grier St
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