Bought with Non-Mls Salesperson • Non-Mls Company
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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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