3554 Thorpe Street, Macon GA 31204

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$89,000

3554 Thorpe Street, Macon, GA 31204

bedrooms

bathrooms

square feet

Acreage

0.11

Open Houses

year built

1984

Full Baths

Half Baths

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This LEGAL DUPLEX offers a great investment opportunity with immediate RENTAL INCOME. Each 2 BEDROOMS, 1 BATHROOM unit has its own kitchen and is currently generating $800 monthly from long-term tenants on MONTH-TO-MONTH LEASES. The property has a certified ARV APPRAISAL of $135K, and the seller's contractor bid for renovations to make both units SECTION 8 READY is $40,000. Post-renovation, the property can generate $1,500/month through the Macon Housing Authority, with an approved rent of $750 per unit. This offers an impressive 20% ANNUAL RENTAL CAP RATE. Perfect for investors looking to use a HARD MONEY BRIDGE LOAN, renovate, and refinance into a 30-YEAR MORTGAGE. The seller is firm on price and can assist with placing tenants after renovations. Contact for more details on financing and renovation plans!

Location
Subdivision	Del Park
County	Bibb - GA
Elementary School	John Robert Lewis - Bibb
Middle School	Miller Magnet
High School	Central - Bibb

Driving directions

Open houses

None scheduled.

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MLS number: 7497768

Listing agent: Gabriel Bettsack

Listing broker: Realty East Cobb Dba Keller Williams Realty Atlanta North (770) 509-0700

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Last update: Monday, December 16 2024 at 8:12 p.m. EST

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