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About This Home
This 0-bedroom, 0-bathroom residential multi family at 955 Elder Street in Macon, GA is listed for $55,000. Built in 1967, on a 0.49 acres lot.
Two Brick Duplexes 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 (only), but can refer you to professionals in all of these areas. Large roughly half-acre lot (.49 acre) could probably acommodate a third duplex for future value add.
Key Features
- Built in 1967
- 0.49 acre lot
- 6 parking spaces
Property Details
Monthly Cost Estimate
$294/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
955 Elder Street
Macon, GA 31217
Fort Hill
Property Details
Construction
Questions & Answers
This 0-bedroom, 0-bathroom residential multi family at 955 Elder Street is listed at $55,000. The estimated monthly payment is $238 based on 20% down at 6.5% interest.
Key features include: Built in 1967, 0.49 acre lot, 6 parking spaces.
This property is listed by PATRICK PEYER and can be reached at (404) 564-5560 or patrickpeyer@gmail.com.
