Homes for sale - 3559 Morgan, Macon, GA 31204

Key Details

Property Type Residential Income

Sub Type Multi Family,Triplex

Listing Status Active

Purchase Type Residential Income

Subdivision New Suburb Beautiful

MLS Listing ID 10427341

Year Built 1948

Annual Tax Amount $896

Tax Year 2024

Lot Size 0.440 Acres

Property Description

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 older elderly 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 !!

Location

State GA

County Bibb

Interior

Heating Central,Electric

Cooling Ceiling Fan(s),Central Air

Laundry None

Exterior

Parking Features Off Street

Community Features Near Shopping

Utilities Available Gas Individual Meters,Other

View Y/N No

Building

Foundation Slab

Sewer Public Sewer

Water Public

Structure Type Aluminum Siding,Log

New Construction No

Schools

Elementary Schools Southfield

Middle Schools Robert E. Howard Middle

High Schools Howard

Others

Acceptable Financing Cash,Conventional

Listing Terms Cash,Conventional

Special Listing Condition Resale