3554 Thorpe Street

Macon, GA 31204

$89,000

This LEGAL DUPLEX is a prime investment opportunity offering immediate RENTAL INCOME. Each unit features 2 BEDROOMS and 1 BATHROOM, complete with its own kitchen. Currently, the property generates $800 per month from long-term tenants on MONTH-TO-MONTH LEASES. With a certified ARV APPRAISAL of $135,000 and a detailed contractor bid of $40,000 for renovations to make both units SECTION 8 READY, this property has immense potential. Once updated, the duplex can yield $1,500 per month in rental income through the Macon Housing Authority, with an approved rent of $750 per unit—resulting in an impressive 20% ANNUAL RENTAL CAP RATE. This is an ideal opportunity for investors seeking to utilize a HARD MONEY BRIDGE LOAN, complete renovations, and refinance into a 30-YEAR MORTGAGE. The seller is willing to assist with tenant placement post-renovation. Don’t miss out on this high-yield investment. Contact us today for more details on financing, renovation plans, and how to maximize your return!

    MLS Data

  • StatusActive
  • MLS #7516566
  • 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 February 22, 2025 8:00am

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