1063 Walnut St - Apartments FOR SALE


Macon-Bibb, GA 31201- Downtown Macon
$325,000 USD
478-750-7507
1063 Walnut St, Macon-Bibb, GA for Sale
$325,000 USD
Apartments - FOR SALE
1/8
null | Request Cap Rate

1063 Walnut St
Macon-Bibb, GA 31201
Downtown Macon


HIGHLIGHTS

  • 1063 Walnut Street presents a four-unit, multi-tenant residential investment opportunity.
  • Nestled in the College Hill neighborhood of Macon-Bibb, GA, a peaceful suburb within walking distance to Downtown retail and restaurants.
  • Rental income at current rates brings in $45,000 leading to an NOI surpassing $30,300, plus upside with at or above market rate rents.
  • The property is 100% occupied through Q2 2025, enabling improvements and increased rents for the next round of residents.

OVERVIEW

1063 Walnut Street is a four-unit multifamily building consisting of two upstairs suites and two downstairs studios. The building totals 1,902 square feet on a 0.14-acre corner parcel off Hill and Walnut Street. The property's strategic location makes it easily accessible for residents and their visitors, allows parking on-site with the paved driveway, and is within walking distance of Downtown Macon's shopping, dining, and entertainment. Local points of interest nearby include Barks and Brews, Atrium, Health, The Brick, Zaxby's, Yollah, Piedmont Brewery and Kitchen, plus convenience to Interstate 75.

FOR SALE DETAILS

PRICE

$325,000 USD

PRICE/SF

$102 USD /SF

# OF UNITS

4

PRICE/UNIT

$81,250

CAP RATE

Request Cap Rate

% LEASED

50%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1900

PARKING SPACES

6

LAND DETAILS

LAND ACRES

0.14 AC

LAND SF

6,098 SF

ZONING

HR-3

APN/PARCEL ID

Q072-0093

ASK ABOUT THIS PROPERTY

Adam BaileyThe Summit GroupMore Info
478-750-7507

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Adam BaileyThe Summit GroupMore Info
478-750-7507

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.