3554 Thorpe Street
$89,000
4
2
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Description
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...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!
- Listed by Gabriel Bettsack • Keller Williams Realty Atl North
Property Details for 3554 Thorpe Street
Subdivision Complex
Del Park
Num Of Parking Spaces0
Parking FeaturesNone
Property AttachedNo
Waterfront FeaturesNone
LISTING UPDATED: 12/16/2024 04:25 PM
Property Details for 3554 Thorpe Street
Status | Active |
---|---|
MLS # | 7497768 |
Days on Market | 4 |
Taxes | $1,054 / year |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Residential Income / Duplex |
Year Built | 1984 |
Lot Size | 0.11 AC / 4,791 SF |
County | Bibb County |
Building Information for 3554 Thorpe Street
Stories1Residences2Year Built1984Building Size-Lot Size0.11 AC / 4,791 SF
Property Information for 3554 Thorpe Street
Property History for 3554 Thorpe Street
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 3554 Thorpe Street
Taxable ValueLand$990Additions$41,913Total$42,903
Tax Record2024$1,090 ($91 / month)
Home Facts
Baths2Total Finished SqFt1,674 SqFtAbove Grade Finished SqFt1,674 SqFtStories1Lot Size4,792 SqFtStyleDuplexYear Built1984ZoningR-2CountyBIBBAPNN071-0667
Schools near 3554 Thorpe Street
This home is within Bibb County School District.
Rating | School | Type | Grades | Distance |
---|---|---|---|---|
Public - | PK to 5 | |||
Public - | 6 to 8 | |||
Public - | 9 to 12 | |||
Public - | PK to 5 |
Rating | School | Distance |
---|---|---|
Union Elementary School PublicPK to 5 | ||
Weaver Middle School Public6 to 8 | ||
Westside High School Public9 to 12 | ||
John Robert Lewis Elementary School PublicPK to 5 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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