I have 104 units in Macon, GA available for assignment. 

3165 Bloomfield Drive 

Macon, GA 31206

Asking Price: $1,872,000

104 unit apartment complex. Built 1969. 13 total buildings. 

It is only 10% occupied with current rents on the low end.

2 bed/1 bath - 82 units 

1 bed/1 bath - 22 units 

• 5 buildings (44 units) are boarded up and need complete rehab. They have been sitting for about 15 years. City will require a demo if a buyer doesn't come in and clean this place up. Fire damage in 2 of the buildings.
• 30 units need HVAC and water heaters. 
• 15 units need cosmetic repairs
• 7 units are rented

Rehab estimate is 4.0mil depending on what your plans are. Stabilized value around 75k a door if you sell at a 6.3% cap rate. Based on conservative avg rents of 850 and 85% occupancy.

3535 Williamson Rd College Park of Mason is a 220 unit complex that recently sold for 17,950,000. While this is not a direct comp, it does show that this area of Macon is heading in the right direction.

We are hearing all offers

Pics below

https://drive.google.com/drive/folders/1-df1AIjJqul2fXhV8NIqGVOTFAyDzkvT

Let me know if you have any questions

Tom Revoir

Revo Properties NC LLC

910 526 4722