3554 Thorpe

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Address: 3554 Thorpe St, Macon, GA 31204, USA
Created date: January 31, 2025
Date last updated: February 7, 2025

Property Description

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 unitCoresulting 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. DonCOt miss out on this high-yield investment. Contact us today for more details on financing, renovation plans, and how to maximize your return!

Key Property Information

Listing Status: Available
Listing Type: Call for offers
Property Types: 2-4 Units
Price: $89,000
No. of Units: 2
Year Built: 1984
Opportunity Zone: No
Price per unit: $44,500
Property Website Click Here
Number of Bedrooms: 0
Number of Bathrooms: 0
Address: 3554 Thorpe, Macon, GA 31204, USA
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