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Linkwood Manor 3389 Sherry Dr 56 Unit Apartment Building $3,644,924 CAD ($65,088 CAD/Unit) 10.74% Cap Rate Macon-Bibb, GA 31206
Investment Highlights
- Individually metered for electricity – Tenants pay direct to Georgia Power
- Complex has buildings that were built on both Slab & Crawl. Roughly 50% mixture
- Wall heaters inside each unit - 90% of Electric Panels have been upgraded
- Rent includes water/sewer expense
- HVAC: window units – 90% of the machines are new
- Section 8 Tenants – about 3-5 units
Executive Summary
Broker of Record
Maxx Bauman
License No. 451849 (GA)
(866) 889-0550
Matthews Real Estate Investment Services, Inc
1600 West End,
Ste. 1500 Nashville, TN 37203
Maxx Bauman
License No. 451849 (GA)
(866) 889-0550
Matthews Real Estate Investment Services, Inc
1600 West End,
Ste. 1500 Nashville, TN 37203
Property Facts
| Price | $3,644,924 CAD | Apartment Style | Garden |
| Price Per Unit | $65,088 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 4.42 AC |
| Cap Rate | 10.74% | Building Size | 32,885 SF |
| Gross Rent Multiplier | 5.21 | Average Occupancy | 86% |
| No. Units | 56 | No. Stories | 1 |
| Property Type | Multifamily | Year Built | 1968 |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Zoning | R-3 Multi-family | ||
| Price | $3,644,924 CAD |
| Price Per Unit | $65,088 CAD |
| Sale Type | Investment |
| Cap Rate | 10.74% |
| Gross Rent Multiplier | 5.21 |
| No. Units | 56 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 4.42 AC |
| Building Size | 32,885 SF |
| Average Occupancy | 86% |
| No. Stories | 1 |
| Year Built | 1968 |
| Opportunity Zone |
Yes |
| Zoning | R-3 Multi-family |
Amenities
Unit Amenities
- Air Conditioning
- Cable Ready
- Heating
- Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
- Patio
- Wheelchair Accessible (Rooms)
Site Amenities
- Pet Play Area
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 40 | - | 550 |
| 2+1 | 15 | - | 669 |
| 3+2 | 1 | - | 850 |
1 1
Property Taxes
| Parcel Number | O094-0210 | Improvements Assessment | $628,759 CAD |
| Land Assessment | $198,352 CAD | Total Assessment | $827,111 CAD |
Property Taxes
Parcel Number
O094-0210
Land Assessment
$198,352 CAD
Improvements Assessment
$628,759 CAD
Total Assessment
$827,111 CAD
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Linkwood Manor | 3389 Sherry Dr
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