3554 Thorpe, Macon GA 31204

← Back to search

$89,000

3554 Thorpe, Macon, GA 31204

bedrooms

bathrooms

square feet

Acreage

0.11

Open Houses

year built

1984

Full Baths

Half Baths

Find out more

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
Elementary School	Union
Middle School	Miller Magnet
High School	Central

Driving directions

Open houses

None scheduled.

Find out more

Tell us who you are, and we will have someone reach out to you.

Name*

Email*

Phone*

Message

I have a house to sell

By proceeding, you consent to receive calls, texts and voicemails at the number you provided (may be recorded and may be autodialed and use pre-recorded and artificial voices), and email, from Kotohomes, Kotohomes Concierge 3, Gabriel Z Bettsack, and their network of service providers about your inquiry and other home-related matters.

Msg/data rates may apply. This consent applies even if you are on a do not call list and is not a condition of any purchase.

MLS number: 10427026

Listing agent: Gabriel Z Bettsack

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

Copyright © 2024 Georgia Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified. [source]

Last update: Tuesday, December 17 2024 at 4:51 p.m. EST

Kotohomes National