955 Elder Street, Macon, GA 31217
- $50,000
- List Price
- $50,000
- MLS#
- 7817041
- Status
- ACTIVE
- Type
- Multifamily
- Subtype
- Duplex
- Lot Size
- 0.49
- Subdivision
- Fort Hill
Property Description
Two Brick Duplexes (4 Units!) on one lot available now! These properties need a full rehab. The ARV (After Renovation Value) on these is around $300k depending on finishes and rental amounts once complete. I estimate you could get these rent ready for $100-150k. Rents will be $700 per unit or $2800 total once renovated. You could purchase these and renovate them using a self-directed 401k, or you could use cash or a home equity loan and refinance it with a DSCR (Debt Service Coverage Ratio) Loan once complete. There are lots of options to add real estate to your retirement portfolio with the right team of contractors, property managers, lenders and advisors. I am a REALTOR, but can refer you to professionals in all of these areas. Large roughly half-acre lot (.49 acre) could probably accommodate a third duplex for future value add.
Additional Information
- Stories
- One
- Construction
- Brick
- Year Built
- 1967
- Neighborhood Amenities
- None
- Roof
- Composition
- Lot Dimensions
- 133 x
- Parking
- Driveway
- Lot Desc
- Other
- Water
- Public
- Sewer
- Public Sewer
- Elementary School
- Bibb - Other
- Middle School
- Bibb - Other
- High School
- Bibb - Other
- Acres
- 0.49
- Dock
- None
- Levels
- One
- Taxes
- $450
Listing courtesy of Keller Williams Realty Metro Atlanta.
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