Courtesy of: Gabriel Z Bettsack, Keller Williams Rlty-Atl.North, gabriel@bettsack.com
Courtesy of: Gabriel Z Bettsack, Keller Williams Rlty-Atl.North, gabriel@bettsack.com
$89,000
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Lot: 0.11 Acres
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Other
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$89,000
3554 Thorpe 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!
Courtesy of: Gabriel Z Bettsack, Keller Williams Rlty-Atl.North, gabriel@bettsack.com
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