825 South Forest Lake Drive

Macon, GA 31210

$329,000
Price
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Beds
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per Sq. Ft.

Description

This North Macon duplex is suited for owner occupied or individual with a real estate portfolio. The 1109 Valley Rd Unit was built recently and is occupied with a 12 month lease agreement. Renters pay in that unit pay $1,220 per month. The 825 S Forest Lake Dr S unit is owner occupied. This rent estimate for this unit is $1,750 or more. And, the math is very simple and easily understood that your investment is good. For instance, at 10% down on a 30yr conventional loan, you are looking at $13,455...This North Macon duplex is suited for owner occupied or individual with a real estate portfolio. The 1109 Valley Rd Unit was built recently and is occupied with a 12 month lease agreement. Renters pay in that unit pay $1,220 per month. The 825 S Forest Lake Dr S unit is owner occupied. This rent estimate for this unit is $1,750 or more. And, the math is very simple and easily understood that your investment is good. For instance, at 10% down on a 30yr conventional loan, you are looking at $13,455 return per year on your investment. Giving the interest rate today, you can get 6.5% or lower interest rate. So, financing about 292.5k for 30 yrs at 6.5%, your mortgage is $1,848.80 per month and your rental income is $2,970. Your monthly ROI is $1,121.20.
  1. Listed by David Nasulme • Jubilee Real Estate, Inc.

Property Details for 825 South Forest Lake Drive

Subdivision
None
Fees Include
None
Parking
Attached, Carport, Detached, Garage, Garage Door Opener, Off Street, Side/Rear Entrance
LISTING UPDATED: 12/08/2024 01:06 AM

Property Details for 825 South Forest Lake Drive

StatusActive
MLS #10364963
Days on Market111
Taxes$1,480 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income / Duplex
Year Built1965
Lot Size0.44 AC / 19,166 SF
CountyBibb County

Building Information for 825 South Forest Lake Drive

Stories-Residences2Year Built1965Building Size-Lot Size0.44 AC / 19,166 SF

Property Information for 825 South Forest Lake Drive

Summary
Location and General Information
  • Elementary School: M Lane
  • High School: Howard
  • Middle School: Robert E. Howard Middle
  • Amenities: None
  • Directions: Use GPS
Taxes and HOA
  • Association: No
  • Parcel Number: M0520070
Owner
  • Owner Pays: Other
Parking
  • Parking Total: 8
Interior and Exterior Features
Interior Features
  • Total Fireplaces: 1
  • Laundry Features: In Unit
  • Basement Description: Bath Finished, Daylight, Exterior Entry, Finished, Interior Entry
Property
Utilities
  • Cooling: Attic Fan, Ceiling Fan(s), Central Air, Dual, Electric, Heat Pump, Zoned
  • Green Energy Efficient: Doors, Insulation, Windows
  • Heating Type: Central, Electric, Forced Air, Heat Pump
  • Water/Sewer: Public Sewer
  • Utilities: Electricity Individual Meters, Sewer Connected, Underground Utilities, Water Individual Meters
  • Water Source: Public
Property and Assessments
  • Tax Year: 2023
  • Construction: Block, Brick, Vinyl Siding
  • Stories: Multi/Split
  • Property Condition: Resale
Lot Information
  • Structure: Duplex
  • Foundation Details: Block, Slab
Multi Family
Multi-Family Information
  • Number Of Units Total: 2
  • Fuel Expense: $.00
  • Annual Gross Income: $35,400.00
  • Annual Operating Expense: $.00
  • Annual Maintenance Expense: $1,120.00
  • Insurance Expense: $800.00
  • Water Sewer Expense: $.00
  • Electric Expense: $.00
Unit 1
  • Unit Type Description: 1109 Lake Valley Rd
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 2
  • Unit Type Actual Rent: $1,200.00
  • Unit Type Living Area: 1016
  • Unit Type Features: Dining Room, Living Room, Range/Oven, Refrigerator, Smoke/Fire Alarm

Property History for 825 South Forest Lake Drive

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 825 South Forest Lake Drive

Taxable ValueLand$9,000Additions$60,246Total$69,246
Tax Record2024$1,759 ($147 / month)
Home Facts
Beds4Baths2Total Finished SqFt2,960 SqFtAbove Grade Finished SqFt2,136 SqFtFinished Basement SqFt824 SqFtStories1Lot Size19,166 SqFtStyleSingle Family ResidenceYear Built1965ZoningR-1AACountyBIBBAPNM052-0070Fireplace TypeHas Fireplace

Schools near 825 South Forest Lake Drive

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 - 3 to 12
Rating
School
Distance
Lane Elementary School
PublicPK to 5

Howard Middle School
Public6 to 8

Howard High School
Public9 to 12

Macon Behavioral Health System
Public3 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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825 South Forest Lake Drive is a multi-family home for sale in Macon, GA 31210. This property was listed for sale on September 2, 2024 by Jubilee Real Estate, Inc., it's currently listed at $329,000. It has been on the market for a total of 111 days and was last sold on April 30, 2021. This listing's school district is Bibb County School District. Nearby schools include Lane Elementary School, Howard Middle School and Howard High School. 825 South Forest Lake Drive is a 0-bed, 0-bath, multi-family home built in 1965.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Jubilee Real Estate, Inc., David Nasulme

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