W Macon St. - 14 Unit Multifamily - 7.7% CAP

612 W Macon Street is a well-located multifamily property situated just west of downtown Decatur, offering convenient access to city amenities, public transportation, and major employment centers. Nestled in a walkable residential neighborhood, the property benefits from its proximity to Central Park, the Decatur Civic Center, and a variety of dining, retail, and service options. Its central location provides strong rental appeal and long-term investment potential in a stable, in-demand area of the city.Located in the heart of Decatur, 612 W Macon Street presents a fully renovated 17-unit multifamily asset offering strong current returns and value-add upside. The property features a diverse mix of one-bedroom, one-bathroom units, with one two-bedroom, one-bath unit, catering to a wide range of tenants—from young professionals to small families. Each unit has been upgraded over the past year with new windows, modern bathrooms, updated flooring, and refreshed interiors throughout. Tenants enjoy on-site laundry, off-street parking, and a landscaped courtyard, all within walking distance to downtown shopping, restaurants, schools, parks, and public transportation. The building is well-positioned near major roadways, offering easy commutes and accessibility. Listed at an 8% cap rate with two current vacancies, the pro forma performance projects a 12%+ cap rate once stabilized. Both vacant units are expected to be leased prior to closing. With strong rental demand, desirable amenities, and recent capital improvements, this property is ideal for investors seeking steady cash flow, long-term appreciation, and continued upside in one of Decatur’s most connected neighborhoods.