Macon, GA 31204,3559 Morgan DR
Macon, GA 31204,3559 Morgan DR
Macon, GA 31204,3559 Morgan DR
Listed by Gabriel Z. Bettsack • Keller Williams Rlty-Atl.North
Bought with Non-Mls Salesperson • Non-Mls Company
$139,000
Est. payment /mo
$139,000
Est.Price: ?

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0.44 Acres Lot
SOLD DATE : 04/06/2023

Key Details

Sold Price $139,000

Property Type Single Family Home

Listing Status Sold

Purchase Type For Sale

Subdivision New Suburb Beautiful

MLS Listing ID 10141924

Sold Date 04/06/23

Construction Status Resale

HOA Y/N No

Year Built 1948

Annual Tax Amount $822

Tax Year 2022

Lot Size 0.440 Acres

Property Description

Welcome to your new cash cow in Macon, GA! This income-producing rooming house is a rare opportunity to own a high-demand property boasting a current gross income of $2,745 while being 85% occupied. But wait, it gets better. The property will be fully occupied on April 1st, and gross $3,145! This property features seven rooms and one studio apartment, with rent ranging from $300 to $635 per month. Most of the tenants are on social security, making them reliable and stable for the rooming house business. As an added bonus, Room 2 is occupied by an assistant rooming house manager, who is a long-term tenant for three years and pays rent on time every month. Room 3, Room 4, Room 5, and Room 7 are all occupied by social security tenants who have payees, ensuring guaranteed rent and making this rooming house an ideal investment for those seeking a reliable income stream. Room 1 is used as a utility room. The studio apartment is a gem, generating $635 per month. Landlord is responsible for paying all utilities and cable, which average $600 monthly. Improvements include newer roof, flooring, HVAC systems, and upgraded kitchens & bathrooms. Don't miss out on this rare opportunity to invest in this highly profitable and stable cash cow in Macon, GA! Contact us today to schedule a showing!

Location

State GA

County Bibb

Rooms

Basement None

Interior

Heating Central

Cooling Central Air

Exterior

Parking Features Parking Pad

Garage Spaces 2.0

Community Features None

Utilities Available Other, Sewer Connected

Building

Story One

Foundation Slab

Sewer Public Sewer

Level or Stories One

Construction Status Resale

Schools

Elementary Schools Southfield

Middle Schools Howard

High Schools Howard

Others

Financing Other

Special Listing Condition As Is

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Georgia MLS (GAMLS)
Yasha Wells

Broker Associate | BK BK3312718

+1(904) 343-4461 | yasha@homesweethome904.com

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