3559 Morgan DR Macon, GA 31204
0.44 Acres Lot
UPDATED:
12/19/2024 09:31 AM
Key Details
Property Type Multi-Family
Sub Type Triplex
Listing Status Active
Purchase Type For Sale
Subdivision New Suburb Beautiful
MLS Listing ID 7498129
Construction Status Resale
HOA Y/N No
Originating Board First Multiple Listing Service
Year Built 1948
Annual Tax Amount $590
Tax Year 2024
Lot Size 0.440 Acres
Acres 0.44
Property Description
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 older elderly 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 !!
Location
State GA
County Bibb
Lake Name None
Interior
Heating Central, Natural Gas
Cooling Attic Fan, Ceiling Fan(s), Central Air
Window Features None
Exterior
Parking Features Driveway, Level Driveway
Fence Back Yard
Community Features None
Utilities Available Cable Available, Electricity Available, Natural Gas Available, Sewer Available, Underground Utilities, Water Available
Waterfront Description None
View Other
Roof Type Tile,Wood
Accessibility None
Handicap Access None
Private Pool false
Building
Lot Description Other
Story One
Sewer Public Sewer
Water Public
Level or Stories One
Structure Type Vinyl Siding,Wood Siding
New Construction No
Construction Status Resale
Schools
Elementary Schools Southfield
Middle Schools Howard
High Schools Howard
Others
Senior Community no
Tax ID N0720349
Special Listing Condition None
