1147 Triple Hill Drive
Property Description
A rare opportunity to acquire four duplexes totaling eight residential units within the same established Triple Hill Drive community in Macon. The portfolio includes 1123, 1139, 1143, and 1147 Triple Hill Drive, offering an investor the efficiency of a concentrated multifamily portfolio while each duplex remains situated on an individual lot. The community underwent substantial renovations in 2023, with major capital improvements including new roofs, plumbing, electrical and panel boxes, windows, flooring, updated interiors and finishes, perimeter lighting, and improvements designed to bring the properties up to code. With many of the major systems already addressed, the portfolio offers a strong foundation for an investor looking to acquire existing income-producing assets without immediately taking on a large-scale renovation project. The units are primarily configured as 2-bedroom residences, with online rental records showing updated interiors, central air or individual climate control, ceiling fans, durable flooring, off-street parking, and select units with updated appliances. Current online rental activity for the community reflects asking rents generally in the $850-$950 range, depending on the unit and configuration. The portfolio is currently occupied by a combination of long-term, Housing Choice Voucher/Section 8, and market-rate tenants, providing existing cash flow while presenting an opportunity to improve performance as leases turn over and below-market rents are brought closer to current market levels. Publicly available rental listings also confirm that units within the community have been marketed as Section 8 approved. Beyond the existing eight units, the property offers an additional layer of potential through remaining land within the community that may provide future development opportunities, subject to zoning, permitting, and governmental approvals. Public records for at least one of the included properties identify R-2 Two-Family Residential zoning, which permits duplex development; buyers should independently verify zoning and development capacity for each parcel. Eight existing units. Four individual duplexes. Major CapEx already completed. Current rental income with room for further stabilization and potential development upside--all concentrated within one community. An attractive opportunity for investors looking to expand or establish a Macon multifamily portfolio with both immediate income and a longer-term value-add strategy. Financials, rent roll, and additional property information available upon request. Buyer to independently verify all property information, rental data, zoning, and development potential.
Key Property Information
| Listing Status: | Available |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | Apartment Buildings |
| Price: | $660,000 |
| No. of Units: | 8 |
| Year Built: | 1968 |
| Opportunity Zone: | No |
| Price per unit: | $82,500 |
| Property Website | Click Here |
| Number of Bedrooms: | 0 |
| Number of Bathrooms: | 0 |
ID: 3yd-GAMLS-10868018
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