Active
New
3554 Thorpe Street
Macon GA, 31204
$89,000
Active
New
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!
10427026
MLSⓇ ID
December 13, 2024
Listed
December 18, 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
Sewer
Public Sewer
School Information
High School
Central
Elementary School
Union
Other Property Details
Taxes
$1,054
Tax Frequency
Annually
Days on Market
5
Garage
No
Parking
None
Parking Total
0
View
No
County
Bibb
Water Source
Public
Pool
No
Listed with Keller Williams Rlty-Atl.North
Based on information from Georgia MLS as of 12/18/2024. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
©2024 Georgia MLS. All rights reserved. Information deemed reliable but not guaranteed.
Data last updated 11:09 PM UTC, 12/18/2024
