3554 Thorpe Street
Macon, GA 31204
- – beds
- – baths
- – sqft
- 4,792 sqft lot
- 1984 build
- – on site
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!
Last checked:
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Last updated Dec 18, 2024
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MLS# 10427026 —
This property is listed in more than one place. See it here.
The Building
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Year Built:1984
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Construction Materials:Stone Frame, Vinyl Siding
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Structure Type:Duplex
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Levels:One
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Basement:None
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# of Units Total:2
Location
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Latitude:32.845817
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Longitude:-83.690943
The Property
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Property Type:Residential Income
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Property Condition:Fixer
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Lot Size Acres:0.11
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Lot Size Source:Public Records
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Parcel Number:N0710667
Listing Agent
- Contact info:
- Agent phone:
- (770) 509-0700
- Office phone:
- (770) 509-0700
Taxes
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Tax Year:2024
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Tax Annual Amount:$1,054
Heating & Cooling
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Heating:Central, Other
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Cooling:Central Air
Utilities
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Utilities:Other
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Sewer:Public Sewer
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Water Source:Public
Schools
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Elementary School:Union
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Middle School:Miller Magnet
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High School:Central
The Community
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Subdivision:Del Park
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Community Features:None
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Association:No
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Association Fee Includes:None
Parking
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Parking Features:None
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Sale history
| Date | Event | Source | Price | % Change |
|---|---|---|---|---|
|
12/13/24
Dec 13, 2024
|
Listed / Active | GAMLS | $89,000 |
