3554 Thorpe Street, Macon, GA 31204

  • $89,000
  • $74,000
3554 Thorpe Street, Macon, GA 31204
Active Fixer
3554 Thorpe Street, Macon, GA 31204
3554 Thorpe Street, Macon, GA 31204
  • $89,000
  • $74,000

Overview

Property ID: HZ7516566
  • Duplex, Residential Income
  • Property Type
  • 1984
  • Year Built

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 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!

  • Address 3554 Thorpe Street
  • City Macon
  • State/county GA
  • Zip/Postal Code 31204
  • Area Del Park

Details

Updated on March 13, 2025 at 12:47 am
  • Price: $89,000
  • Land Area: 0.11 Acres
  • Garage Size: x x
  • Year Built: 1984
  • Property Type: Duplex, Residential Income
  • Property Status: Active

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