3554 Thorpe ST Active Save Request In-Person Tour Request Virtual Tour
Macon,GA 31204
Key Details
Property Type Multi-Family
Sub Type Multi Family,Duplex
Listing Status Active
Purchase Type For Sale
Subdivision Del Park
MLS Listing ID 10449384
Year Built 1984
Annual Tax Amount $1,054
Tax Year 2024
Lot Size 4,791 Sqft
Property Sub-Type Multi Family,Duplex
Property Description
This LEGAL DUPLEX is a prime investment opportunity offering immediate RENTAL INCOME. Each unit features 2 BEDROOMS and 1 BATHROOM, complete with its own kitchen. Currently, the property generates $800 per month from long-term tenants on MONTH-TO-MONTH LEASES. With a certified ARV APPRAISAL of $135,000 and a detailed contractor bid of $40,000 for renovations to make both units SECTION 8 READY, this property has immense potential. Once updated, the duplex can yield $1,500 per month in rental income through the Macon Housing Authority, with an approved rent of $750 per unitCoresulting in an impressive 20% ANNUAL RENTAL CAP RATE. This is an ideal opportunity for investors seeking to utilize a HARD MONEY BRIDGE LOAN, complete renovations, and refinance into a 30-YEAR MORTGAGE. The seller is willing to assist with tenant placement post-renovation. DonCOt miss out on this high-yield investment. Contact us today for more details on financing, renovation plans, and how to maximize your return!
Location
State GA
County Bibb
Interior
Heating Central,Other
Cooling Central Air
Exterior
Parking Features None
Community Features None
Utilities Available Other
View Y/N No
Building
Sewer Public Sewer
Water Public
Structure Type Stone Frame,Vinyl Siding
New Construction No
Schools
Elementary Schools Union
Middle Schools Miller Magnet
High Schools Central
Others
Special Listing Condition Fixer