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1335 Hartley St, Macon, GA, 31206

Vista Oaks

$1,777,000

Key Information

Cap Rate
8.36%
$ per SF
$58
Tot. SF
30,240
Lot Size
1.99 Acres
$ per unit
$63,464
Units
28
Year Built
1974
Type
Apartments
NOI
$148,605

Highlights

• 28 Units | Built in 1974
• Uniform unit mix consisting of (28) two-bedroom, one-and-a-half-bathroom townhomes
• ±30,240 SF of gross building area
• Spacious residences averaging ±1,080 SF
• Current average rent of approximately $908 per unit
• Situated on approximately 1.99 acres
• Low-density configuration of approximately 14 units per acre
• Material of the Wiring: Copper to the owner’s knowledge
• Material of Plumbing: Cast Iron – One area of roughly 100 ft was replaced underground.
• Roof: Replaced 3 years ago
• Appliances: Electric stoves are provided with the current leases.
• All kitchen and bathroom cabinets have been replaced in the past couple of years.
• All HVAC units have been replaced in the past 5 years
• All Units have W/D Connections – Landlord does not provide machines
• 14 Section 8 tenants
• Townhome-style layouts designed to appeal to workforce households, families, and roommate renters
• In-place rents remain below the average of the surveyed competitive rental set, supporting a measured path toward continued rent growth

Photos

Location

Agents

Broker of Record

Maxx Bauman

License # 451849, 80041 (GA)
Matthews Real Estate Investment Services, Inc
3060 Peachtree Rd NW, Ste 1450, Atlanta, GA 30305