Active
3554 Thorpe Street
Macon GA, 31204
$89,000
Active
Multi-family
Built in 1984
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!
7497768
MLSⓇ ID
December 13, 2024
Listed
December 19, 2024
Updated
Map
3554 Thorpe Street
Macon GA, 31204
Interior Features
Total Stories
1
Fireplace
No
Cooling
Yes
Cooling Description
Central Air
Heating
Yes
Heating Description
Central, Other
Exterior/Building Features
Lot Size
0.11 Acres
Lot Features
Other
Roof
Shingle
Sewer
Other
School Information
High School
Central - Bibb
Elementary School
John Robert Lewis - Bibb
Other Property Details
Taxes
$1,054
Tax Frequency
Annually
Days on Market
5
Garage
No
Parking
None
Parking Total
0
View
Yes
View Description
Neighborhood
County
Bibb - GA
Water Source
Other
Pool
No
Green Building Features
Green Features
None
Listed by Gabriel Bettsack with Keller Williams Realty Atl North 770-509-0700
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Data last updated 8:10 AM UTC, 12/19/2024