0.11 acres | #7516566
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!
Property Details
- Elementary SchoolJohn Robert Lewis - Bibb
- High SchoolCentral - Bibb
- Middle SchoolMiller Magnet
- ViewNeighborhood
- Property TypeMulti-Family
- CountyBibb - GA
- SubdivisionDel Park
- Original List Price$74,000
- MLS #7516566
- MLS #7516566
- 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)
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