485 Mellon Street
$114,999
2
2
960
960
$120
Description
Investors, seize this exceptional opportunity to add a prime duplex to your portfolio! This well-maintained property features two fully remodeled 1-bedroom, 1-bath units, perfect for generating consistent rental income. Each unit has been updated with fresh interior and exterior paint. Recent renovations include the removal of a dilapidated enclosed porch and tree removal, providing a clean, inviting exterior. Significant upgrades have been made to ensure long-term durability and efficiency. The...Investors, seize this exceptional opportunity to add a prime duplex to your portfolio! This well-maintained property features two fully remodeled 1-bedroom, 1-bath units, perfect for generating consistent rental income. Each unit has been updated with fresh interior and exterior paint. Recent renovations include the removal of a dilapidated enclosed porch and tree removal, providing a clean, inviting exterior. Significant upgrades have been made to ensure long-term durability and efficiency. The building showcases new fascia, soffit, and trim, along with a brand new 25-year architectural shingle roof and stylish new front doors. Inside, modern LVP flooring, two newly added kitchenettes—each equipped with sinks—make these units highly functional for tenants. The bathrooms have been tastefully updated with new vanities, plumbing, and fixtures. Additional improvements include brand new electric hot water heaters with protective pans, ensuring peace of mind for you and your tenants. The front fence has been repaired, adding to the property's overall appeal and security. Every unit has been fitted with new fixtures and upgraded electrical outlets, including GFCIs for safety compliance. Financially, this duplex is a standout investment. Each unit can generate approximately $800 per month, yielding a total income of $1,600. When factoring in management fees, vacancies, property taxes, insurance, and maintenance costs, the estimated cap rate stands around 11%. This impressive cash flow potential makes it a smart addition to any real estate portfolio. Constructed of all block, this building is built to last, requiring no immediate updates or repairs. With its strategic location and strong rental demand, this duplex promises to be a reliable source of income for years to come. Don't miss out on this opportunity to secure a soun
- Listed by Michael Kennedy • Coldwell Banker / Kennon, Parker, Duncan & Davis
- Listed by Melinda Kennedy • Coldwell Banker / Kennon, Parker, Duncan & Davis
Property Details for 485 Mellon Street
Subdivision Name
Andrews
WaterfrontNo
LISTING UPDATED: 12/09/2024 07:36 PM
Property Details for 485 Mellon Street
Status | Active |
---|---|
MLS # | 216609 |
Days on Market | 64 |
Taxes | - |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Single Family |
MLS Type | Residential / Single Family Residence |
Year Built | 1959 |
Lot Size | 0.19 AC / 8,276 SF |
County | Muscogee County |
Building Information for 485 Mellon Street
Stories-Year Built1959Building Size-Lot Size0.19 AC / 8,276 SF
Property Information for 485 Mellon Street
Property History for 485 Mellon 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 485 Mellon Street
Taxable ValueLand$3,144Additions$16,572Total$19,716
Tax Record2023$777 ($65 / month)
Home Facts
Beds2Baths2Total Finished SqFt960 SqFtAbove Grade Finished SqFt960 SqFtStories1Lot Size8,276 SqFtStyleSingle Family ResidenceYear Built1959CountyMUSCOGEEAPN048 002 003A
Schools near 485 Mellon Street
This home is within Muscogee County School District.
Rating | School | Type | Grades | Distance |
---|---|---|---|---|
Public - | K to 5 | |||
Public - | 6 to 8 | |||
Public - | 9 to 12 | |||
Public - | 6 to 12 |
Rating | School | Distance |
---|---|---|
Martin Luther King- Jr. Elementary School PublicK to 5 | ||
Baker Middle School Public6 to 8 | ||
Carver High School Public9 to 12 | ||
Rainey McCullers School of the Arts Public6 to 12 |
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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