955 Elder StMacon, GA 31217

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.

Property Information

Property type

Residential Income

Sub-type

Duplex

Structure type

Duplex

Year built

1967

Lot size

0.49 acres

Garage spaces

9

Parking spaces

9

Days on market

61

MLS^® Listing#

10820369

Property Features

Cooling

None

Heating

None

Basement

None

Parking

Off Street

Construction

Brick

Community

None

Utilities

Other

Sewer

Public Sewer

Water source

Public

Schools

Elementary

Other

Middle

Other

High

Other

Financial Details

HOA

None

Annual taxes

$450Tax year 2025

Parcel number

S0640210

Directions

GPS Friendly