Retreat at Ragan Park

Retreat at Ragan Park

Macon, GA
  • Property Type: Apartments
  • Year Built : 1973
  • Property Size: 165,230 SF / 144 Units


Capstone is pleased to present Retreat at Ragan Park, a 144-unit property situated on ±33.58 acres that offers spacious one-, two-, and three-bedroom floor plans. The property wraps around a gorgeous spring-fed lake and features a leasing office, business center, pet play area, two swimming pools, lake access with fishing allowed, two racquetball courts, event center, & washer/dryer connections in all two- and three-bedroom units. There is a lot of rental upside through occupancy stabilization; however, an investor could further increase rents with a few minor cosmetic improvements and capitalize on rental income opportunities presented by the spacious event center at the front of the property. Retreat at Ragan Park represents an opportunity to purchase a property well below replacement costs that produces double-digit post-renovation returns in a steadily improving market.

Investment Highlights

Increase Revenue by Stabilizing Occupancy

Large One-, Two-, and Three-Bedroom Units

Below-Market Rents

Rental Upside Through Moderate Value-Add Program

Increase Additional Income Through Event Center Rentals

Contact Information

Jake Reid Managing Director P: 404.456.5920
O: 800.746.3175 Ext. 7074
Chad DeFoor, CPM, CCIM Managing Director P: 706.280.2631
O: 800.746.3175 Ext. 7063