4,791 Sqft Lot
4,791 Sqft Lot
Key Details
Property Type Multi-Family
Sub Type Duplex
Listing Status Active
Purchase Type For Sale
Subdivision Del Park
MLS Listing ID 7497768
Construction Status Fixer
HOA Y/N No
Originating Board First Multiple Listing Service
Year Built 1984
Annual Tax Amount $1,054
Tax Year 2024
Lot Size 4,791 Sqft
Acres 0.11
Property Description
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!
Location
State GA
County Bibb
Lake Name None
Interior
Heating Central, Other
Cooling Central Air
Window Features None
Exterior
Parking Features None
Fence None
Community Features Other
Utilities Available None
Waterfront Description None
View Neighborhood
Roof Type Shingle
Accessibility None
Handicap Access None
Private Pool false
Building
Lot Description Other
Story One
Sewer Other
Water Other
Level or Stories One
Structure Type Frame,Vinyl Siding
New Construction No
Construction Status Fixer
Schools
Elementary Schools John Robert Lewis - Bibb
Middle Schools Miller Magnet
High Schools Central - Bibb
Others
Senior Community no
Tax ID N0710667
Special Listing Condition None
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