4090 Napier Avenue , Macon, GA 31204
Macon, GA 31204
Description
A Potential Lucrative Redevelopment Venture. A proposed Multi-Family Apartment Community development which already has Planning and Zoning approval. The apartment development is a +/-5.7 acre tract located at 4090 Napier Ave Macon, GA 31204 The development includes a total of 120 proposed units among 5 buildings. Each building will have 24 units. Each unit will consist of 2 bedrooms. The units are approximately 1100 sq ft. each and can lease up to $1050.00 monthly. Grossing over $1,500,000.00 annually. The site is a former school and the existing structures will need to be demolished to make way for the development. The existing gymnasium building will serve as a community center and clubhouse for the apartment community. ( see site development plan) Great location and offers proximity to I-75 and I-475. Convenient shopping, restaurants and schools.
Details
| Mls | 176723 |
|---|---|
| Listing Type | For Sale |
| Subtype | Resale |
| Status | Active |
| Year | 0 |
| Days On Site | 72 |
| Listing Provided By | Covenant Realty Associates, LLC | Jerome James |
Features
| Zoning | R-2 |
|---|---|
| Acreage | 5.71 |
Market Activity 31204
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Learn More About This Property
| State | GA |
|---|---|
| County | Bibb |
| City | Macon |
| Zip Code | 31204 |
| Listing VS Median (in 31204) | |
Price: $650,000 low | high Med: $149,500 On Site: 72 low | high Med: 391.000000 | |
