3554 Thorpe Active Save Request In-Person Tour Request Virtual Tour
Macon,GA 31204
Key Details
Property Type Residential Income
Sub Type Multi Family,Duplex
Listing Status Active
Purchase Type Residential Income
Subdivision Del Park
MLS Listing ID 10427026
Year Built 1984
Annual Tax Amount $1,054
Tax Year 2024
Lot Size 4,791 Sqft
Property Description
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!
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