Active
$99,000

3559 Morgan Drive Macon, GA 31204

3559 Morgan Drive TRIPLEX TRIPLEX!!!!! Only asking 99k!!!Seller FIRM on price!! CERTIFIED APPRAISAL VALUE AT 130k to 140k !!! Amazing monthly cash machine investment opportunity with 35k built in equity!! Calling all savvy investors!!! Take advantage of this wonderful single family home set up like a triplex . This income producing rooming house currently gross $1,930.00 per month and the property will have 100 percent occupancy rate and gross $3,205.00 per month before January 1 , 2025. The main unit(A) is a rooming house . It’s producing $780.00 currently and will produce $2,055.00 before January 1, 2025. Room 1 is occupied by an assistance rooming house manager and room 5 is responsible long term student tenant. Room 2 , Room 3, room 4 will be occupied before January 1, 2025 . Unit B is a small studio , it’s occupied by a responsible tenant, rent is $500.00 per month, and unit C is occupied by a responsible hard working lady , rent is $325.00 bi weekly. All current tenants have an excellent rental payment history . Property has been recently updated within the last 2 years . New exterior paint , new roof , a few new windows and doors , new studio apartments , new drywall installation 4 years ago , new bathrooms installed 3 years ago, HVAC system 3 years old. The main kitchen needs some TLC work , the hallway subfloor need minor replacement. House is in fair condition!! Cash buyers preferred!!! Seller is firm on price . Seller has certified desktop appraisal at 130k to $140k. Great opportunity to refi & cash out with a hard money bridge loan !!

Schools

  • Elementary
    Southfield
  • Middle
    Howard
  • High
    Howard
  • Location

  • Subdivision
    New Suburb Beautiful
  • Zip Code
    31204
  • City
    Macon
  • County
    Bibb - GA
  • Property Data

  • Status
    Active
  • MLS #
    7498129
  • Type
    Residential Income
  • Special
    Sold As/Is
  • Exterior

  • Construction
    Vinyl Siding, Wood Siding
  • Built In
    1948
  • Stories
    Array
  • Sewer
    Public Sewer
  • Parking
    Driveway, Level Driveway
  • Utilities
    Cable Available, Electricity Available, Natural Gas Available, Sewer Available, Underground Utilities, Water Available
  • Lot Dimensions
    255 x
  • Acres
    0.44
  • Listing Provided Courtesy Of: Maximum One Greater Atlanta Realtors 770-919-8825

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    Data Last updated on January 30, 2025 5:30pm

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