OFF MARKET Duplex - Macon GA 31206 - CASH FLOWING!!

Bibb County, Macon, GA, 31206
Sold
Listed at: January 28th, 2021
Price
$49,000
ARV
$80,000
Gross Margin
$31,000
Sq. Footage
1250
Type
Multifamily
Parking
Assigned
Year build
1959
Lot size
0.13 acres
Bedrooms
2
Bathrooms
2.0
Half Bathrooms
0
Summary

Brick Duplex w/ updated vinyl windows

  • Check out this brick duplex that is really TURN-KEY!
  • Updated with vinyl windows
  • Tenants are paying $400 & $400 for a total gross monthly rent of $800.00
  • Rent is low.. market rent is $550 in this area - Opportunity to value add!!
  • Tenants are month to month
  • 2 bedrooms & 1 bath in each unit
  • Bad news is that we are unable to run a bunch of people through there due to Covid so all offers will be contingent on a walk through before closing to confirm the condition. We have priced it lower than normal because of this.
  • Good News is that the units are in great shape and have ceramic tile floors throughout!
  • This deal almost DOUBLES the 1% rental buying rule!!
  • Total sq ft 1,250
  • Lot size 5,663 (.13 acres)
  • Built in 1959
  • Property taxes ONLY $460

Give Cedahlia a call asap to lock this one down at (423) 455-8197

All deals cash or hard money only. I like to work with everyone which usually means if you're making money I'm making money...If you are a realtor, please contact us to discuss how we can get you paid! What I am selling is my assignable contract (w/ equitable interest) with the seller of the property. I am not the owner of record.I am not a realtor nor do I portray myself as one. All properties require cash or a private/hard money loan in order to purchase - no conventional or FHA financing available unless otherwise indicated. All inspections must be completed prior to buyer signing the contract. All properties are sold as-is, where is. Buyer must complete all due diligence before submitting an offer and executing any contract. Buyers will need to provide a $5,000 non-refundable deposit at time of contract. Buyer will be responsible for all closing costs unless otherwise indicated. Closing are an assignment of our contract with the seller to the end buyer. Buyer to pay $595 closing fee to ezREIclosings for transaction coordination.
Street View
Location
current deal
comparables
#2
available
$123k
sold
$99k
Bedrooms
Bathrooms
Sq. footage
Deals nearby
Available
Sold
Contact

David Olds

No reviews

Disposition manager