4411 NORTHSIDE DRIVE
Macon | GA | 31210
Investment Highlights And Summary
Desirable Demographics:
Strong renter demographics within 3-mile radius, including $129K+ average household income and 73% white collar jobs
Substantial Capital Infusion:
More than $22,500 per unit invested in interior and exterior renovations, roofing, HVAC systems, and other property improvements.
Diverse Unit Mix:
Spacious studio-, two-, and three-bedroom floor plans with an average unit size of 1,154 square feet
Opportunity to Push Rent to Market:
Competing properties’ rents exceed the subject’s in-place rents by $156
Positive Rent Growth in Macon:
Since January, rents at comparable properties have grown by more than 6.5%, demonstrating improving market fundamentals and rental economics
Expense Savings:
Controllable operating expenses are well above the expense comp average, offering the new owner the opportunity to generate expense savings of at least 29%
PROPERT Y DETAILS
- Type
- Units
- Year Built
BUILDING / LAND
- Occupancy
- # Of Stories
- # Of Buildings
- Acreage
- Density
- Total Rentable SF
- Avg. Unit SF
- Exterior
- Roof
- Parking
Photo Gallery
Contact Us
Berkadia Atlanta
Three Alliance Center
3550 Lenox Road, Suite 2600
Atlanta, GA 30326
T: 404.445.2600 | F: 404.445.1065
Investment Sales
Mike Riley (LEAD)
Senior Director
404.583.8410
mike.riley@berkadia.com
Ian Shaw
Director
678.315.6238
[email protected]
Andrew Mays
Senior Managing Director
404.445.1067
[email protected]
Paul Vetter
Senior Managing Director
404.445.1068
[email protected]
Mortgage Banking
Richard Levine
Senior Managing Director
404.654.2590
[email protected]
John Bray
Senior Managing Director
404.654.2595
[email protected]
Josh Finley
Managing Director
404.654.2594
[email protected]
Berkadia®, a joint venture of Berkshire Hathaway and Jefferies Financial Group, is an industry leading commercial real estate company providing comprehensive capital solutions and investment sales advisory and research services for multifamily and commercial properties. Berkadia® is amongst the largest, highest rated and most respected primary, master and special servicers in the industry. This advertisement is not intended to solicit commercial mortgage company business in Nevada.
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