Active
$89,000

3554 Thorpe Street Macon, GA 31204

3554 Thorpe Street 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!

Schools

  • Elementary
    John Robert Lewis - Bibb
  • Middle
    Miller Magnet
  • High
    Central - Bibb

    • Location

  • Subdivision
    Del Park
  • Zip Code
    31204
  • City
    Macon
  • County
    Bibb - GA

    • Property Data

  • Status
    Active
  • MLS #
    7516566
  • Type
    Residential Income
  • Special
    Sold As/Is

    • Exterior

  • Construction
    Frame, Vinyl Siding
  • Built In
    1984
  • Stories
    Array
  • Lot Dimensions
    95 x
  • Acres
    0.11

    • Listing Provided Courtesy Of: Keller Williams Realty Atl North 770-509-0700

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    Data Last updated on April 5, 2025 12:33pm

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