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

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