3554 Thorpe Street

Macon, GA 31204

$89,000

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!

    MLS Data

  • StatusActive
  • MLS #7497768
  • TypeResidential Income
  • SpecialSold As/Is

    Exterior Details

  • ConstructionFrame, Vinyl Siding
  • Built In1984
  • StoriesArray
  • Lot Dimensions95 x
  • Acres0.11

Listing Provided Courtesy Of: Keller Williams Realty Atl North 770-509-0700

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Data Last updated on December 27, 2024 2:45pm

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