0.11 acres | #7497768
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!
Property Details
- Elementary SchoolJohn Robert Lewis - Bibb
- High SchoolCentral - Bibb
- Middle SchoolMiller Magnet
- ViewNeighborhood
- Property TypeMulti-Family
- CountyBibb - GA
- SubdivisionDel Park
- Original List Price$89,000
- MLS #7497768
- MLS #7497768
- Taxes Annual$1,054
- Property SubtypeDuplex
- Lot DescriptionOther
- Sewer InformationOther
- Utility SourceOther
- Cost89000
- Property ConditionFixer
- Acres0.11
- Year Built1984
Location
Legal
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Last Updated: . Source: FMLS
Listing Courtesy
Listing Agent: Gabriel Bettsack (#BETTSACK)
Listing Office: Keller Williams Realty Atl North (#KWEC01)
Note: The results shown are estimates only and do not include all factors. Speak with a licensed agent or loan provider for exact details. This tool is sourced from CloseHack.
