4151 Log Cabin Dr
Macon-Bibb, GA 31204
Magnolia Terrace · Immeuble residentiel Propriété À vendre · 94 Unités

Magnolia Terrace offers investors the opportunity to acquire a 94-unit value-add workforce housing platform in the steadily growing and economically diverse Macon, Georgia market. Priced at a compelling basis well below replacement cost, the property provides immediate operational upside through strategic renovations, improved management execution, and a clear lease-up pathway.
The property offers a uniquely attractive blend of townhomes and traditional flats designed to appeal to a wide spectrum of Macon’s renter base. Magnolia Terrace is a 94-unit community consisting of 80 garden-style flats and 14 townhomes, creating versatility and broad absorption potential.
The community is well located within established residential corridors near Macon’s primary economic drivers—including healthcare, higher education, logistics, and manufacturing—ensuring a stable and durable renter pool. With Macon’s population holding steady at ~155,000, the submarket demonstrates consistent demand for affordable workforce housing.
Operational performance currently trails market norms, offering a clear and achievable value-add runway. Light interior turns are estimated between $5,000 and $7,500 per
unit, providing a cost-effective path to modernizing units, enhancing curb appeal, and elevating resident experience. These improvements support meaningful rent premiums
and stronger absorption without the risks associated with heavy construction.