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Vista Pointe Apartments 2981 & 2997 Ridge Ave 48 Unit Apartment Building $5,000,000 ($104,167/Unit) Macon-Bibb, GA 31204
INVESTMENT HIGHLIGHTS
- Exciting Investment Opportunity with market validation and strategic renovation success
- Exterior and Interior Upgrades
- Compelling Value-Add Potential with stabilized property with upside and revenue growth potential
PROPERTY FACTS Under Contract
| Price | $5,000,000 | Building Class | B |
| Price Per Unit | $104,167 | Lot Size | 3.98 AC |
| Sale Type | Investment | Building Size | 60,000 SF |
| No. Units | 48 | Average Occupancy | 96% |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built | 1987 |
| Apartment Style | Garden | Parking Ratio | 1.33/1,000 SF |
| Price | $5,000,000 |
| Price Per Unit | $104,167 |
| Sale Type | Investment |
| No. Units | 48 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | B |
| Lot Size | 3.98 AC |
| Building Size | 60,000 SF |
| Average Occupancy | 96% |
| No. Stories | 2 |
| Year Built | 1987 |
| Parking Ratio | 1.33/1,000 SF |
UNIT AMENITIES
- Air Conditioning
- Cable Ready
- Dishwasher
- Disposal
- Fireplace
- Washer/Dryer Hookup
- Heating
- Security System
- Ceiling Fans
- Kitchen
- Ice Maker
- Refrigerator
- Oven
- Range
- Tub/Shower
- Sunroom
SITE AMENITIES
- Trash Pickup - Curbside
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+2 | 8 | $1,200 | 1,240 |
| 2+1.5 | 8 | $1,200 | 1,150 |
| 3+2 | 16 | $1,375 | 1,344 |
| 1+1 | 16 | $945.00 | 881 |
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PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $778,593 | |
| Land Assessment | $104,780 | Total Assessment | $883,373 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$104,780
Improvements Assessment
$778,593
Total Assessment
$883,373
ZONING
| Zoning Code | R-3 (Residential) |
| R-3 (Residential) |
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Vista Pointe Apartments | 2981 & 2997 Ridge Ave
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