For Sale
$625,000

140 Prentice PlMacon, GA 31204

10-unit Macon apartment building, 90% occupied.

Overview

Added:
Dec 11, 2024
Days on market:
115
This exceptional 10-unit multifamily property presents a compelling value-add opportunity in Macon, Georgia. Located at 140 Prentice Place, this two-story, 6,204 square foot building sits on a 0.45-acre lot (APN: N064-0239) and boasts a prime location off Vineville Avenue, offering convenient access to downtown Macon and Mercer University. Constructed in 1979, the building comprises ten one-bedroom, one-bathroom units, six on the ground floor and four on the second. Currently operating at 90% occupancy, this property presents significant potential for increased revenue through unit renovations and rent adjustments. Each unit includes washer and dryer hookups. The property is zoned R-3, providing flexibility for future development. This central location ensures easy access to all areas of Macon, making it an attractive investment for both residents and investors. The asking price is $625,000. This is a rare opportunity to acquire a well-situated multifamily property with substantial upside potential in a thriving Georgia market.

Highlights

  • Prime location off Vineville Ave, near downtown Macon & Mercer University.
  • Value-add opportunity: renovate units & increase rents.
  • 10 units, all 1 bed/1 bath.
  • Two-story building: 6 units on the ground floor, 4 on the second.
  • Each unit includes washer/dryer hookups.
  • Central Macon location, convenient to all areas.

Property Details for 140 Prentice Pl

Property type
Square Feet
6,204 SF
Year Built
1979
Buildings
1
Stories
2
Lot Size (sq. ft)
19,602 SF
Units
10

Location Insight

City
Macon
County
Bibb
State
Georgia
Latitude
32.856308950936
Longitude
-83.682563141849
140 Prentice Pl, Macon, Georgia

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140 Prentice Pl
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