3554 Thorpe ST, Macon, GA 31204 - MLS#10427026

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Virnalisi JohnsonKing

[email protected] +1(404) 290-6914

Listed by Gabriel Z Bettsack • Keller Williams Rlty-Atl.North

$89,000

Est. payment - /mo

4,791 Sqft Lot

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UPDATED:

Key Details

Property Type Residential Income

Listing Status Active

Purchase Type For Sale

Subdivision Del Park

MLS Listing ID 10427026

Construction Status Fixer

HOA Y/N No

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

Rooms

Basement None

Interior

Heating Central, Other

Cooling Central Air

Exterior

Parking Features None

Community Features None

Utilities Available Other

Building

Story One

Sewer Public Sewer

Level or Stories One

Construction Status Fixer

Schools

Elementary Schools Union

Middle Schools Miller Magnet

High Schools Central

Others

Special Listing Condition As Is

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Virnalisi JohnsonKing

+1(404) 290-6914

Agent | License ID: 144248

Agent License ID: 144248

3554 Thorpe ST Macon, GA 31204

Virnalisi JohnsonKing

Key Details

Location

Rooms

Interior

Exterior

Building

Schools

Others

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