2275 Gray Highway
macon, ga 31211
241
Units
1971
Built
INVESTMENT HIGHLIGHTS
Attractive Rent-to-Income Ratio:
Current average in-place rents ($905) account for only 18.48% of monthly AHI, well below the 30.0% benchmark.
Opportunity to Increase Occupancy to Market:
The subject’s occupancy is below the competitive set’s average, creating an opportunity to drive occupancy and increase overall collections. By stabilizing Grey Parc of Macon’s occupancy, we project additional annual revenue of more than $972K.
Opportunity to Push Rents to Market:
Rents at Grey Parc of Macon trail the market average by $31, representing more than $89K+ in additional annual income.
Diverse Unit Mix:
Spacious one-, two-, three-, and four-bedroom floor plans with 100 being townhome units, and an average unit size of nearly 1,200 square feet.
Discount to Homeownership:
The estimated monthly mortgage payment for the average home in the area is $2,442, outpacing the subject’s market rents by $1,522.
Property Description
- Property Name
- Address
- City, State, Zip
- Year Built
- Units
- County
- Acres
- Density
- Parcel
- Number of Stories
- Number of Buildings
- Total Rentable SF
- Exterior
- Roof
- Parking
Metering & Fees
- Utilities Metered
Amenities
Unit Amenities
- Stainless Steel Appliances
- Pantry
- Wood-Vinyl Flooring
- Fireplace
- Ceiling Fans
- Patio
Community Amenities
- Clubhouse
- Swimming Pool
- Playground
- Tennis Court
- Laundry Facilities
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
Ian Shaw (LEAD)
Director
678.315.6238
[email protected]
Mike Riley
Senior Director
404.583.8410
[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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