Active

3559 Morgan Drive

Macon GA, 31204

$99,000


Active

Multi-family

Built in 1948

TRIPLEX TRIPLEX!!!!! Only asking 99k!!!Seller FIRM on price!! CERTIFIED APPRAISAL VALUE AT 130k to 140k !!!
Amazing monthly cash machine investment opportunity with 35k built in equity!!
Calling all savvy investors!!! Take advantage of this wonderful single family home set up like a triplex . This income producing rooming house currently gross $1,930.00 per month and the property will have 100 percent occupancy rate and gross $3,205.00 per month before January 1 , 2025. The main unit(A) is a rooming house . It's producing $780.00 currently and will produce $2,055.00 before January 1, 2025. Room 1 is occupied by an assistance rooming house manager and room 5 is responsible long term student tenant. Room 2 , Room 3, room 4 will be occupied before January 1, 2025 . Unit B is a small studio , it's occupied by a responsible tenant, rent is $500.00 per month, and unit C is occupied by a responsible hard working lady , rent is $325.00 bi weekly. All current tenants have an excellent rental payment history . Property has been recently updated within the last 2 years . New exterior paint , new roof , a few new windows and doors , new studio apartments , new drywall installation 4 years ago , new bathrooms installed 3 years ago, HVAC system 3 years old. The main kitchen needs some TLC work , the hallway subfloor need minor replacement. House is in fair condition!! Cash buyers preferred!!! Seller is firm on price . Seller has certified desktop appraisal at 130k to $140k.

Great opportunity to refi & cash out with a hard money bridge loan !!

7498129

MLS ID

December 14, 2024

Listed

December 23, 2024

Updated

Map

3559 Morgan Drive
Macon GA, 31204

Interior Features

Total Stories

1


Fireplace

No


Cooling

Yes


Cooling Description

Attic Fan, Ceiling Fan(s), Central Air


Heating

Yes


Heating Description

Central, Natural Gas

Exterior/Building Features

Lot Size

0.44 Acres


Lot Features

Other


Roof

Tile, Wood


Sewer

Public Sewer

School Information

High School

Howard


Elementary School

Southfield

Other Property Details

Taxes

$590


Tax Frequency

Annually


Days on Market

9


Garage

No


Parking

Driveway, Level Driveway


View

Yes


View Description

Other


County

Bibb - GA


Water Source

Public


Pool

No

Green Building Features

Green Features

None

Listed by George Ansong with Maximum One Greater Atlanta Realtors 770-919-8825

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Data last updated 8:47 AM UTC, 12/23/2024

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