#7459195, Jason Harris, Listing Office: Harris Real Estate Service, Inc.
3542 Morgan Dr Macon, GA 31294
Property details
About 3542 Morgan Dr
Presenting an exceptional investment opportunity at 3542 Morgan Drive, where stability and profitability converge in one remarkable property. This single-family home, configured as a quadplex, offers four fully occupied units generating a reliable $3,080 per month in income. With three tenants secured under the Section 8 program and one senior citizen tenant, you'll benefit from guaranteed, government-backed rent payments, ensuring steady cash flow month after month. This property stands out not only for its consistent income but for its strong financial performance. With a Net Operating Income of $34,572 annually, it delivers an impressive 10% cap rate-a rare find in today's market. A 10% cap rate reflects a high return on investment, and this property has the long-term potential to continue performing at this level, offering a solid foundation for future growth. The current tenants are responsible, long-term residents who have demonstrated a strong commitment to maintaining the property and paying rent on time. With minimal turnover risk and stable tenancy, this is a hassle-free investment opportunity for those seeking passive income and low management demands. The seller is firm on the asking price, and this is an opportunity that will appeal to cash buyers only. With no due diligence period and no conventional financing available, this is an uncomplicated, streamlined acquisition designed for investors with immediate capital ready to deploy. The simplicity and certainty of this deal make it an ideal addition to any portfolio, promising reliable and sustainable returns from day one. 3542 Morgan Drive is not just another property-it's a cash-flowing asset that offers stability and strong returns. With the combination of guaranteed Section 8 rent, high profitability, and low-risk tenants, this opportunity is one that savvy investors will recognize for its immediate value. Act quickly to secure this property before it's gone.
Highlights
Summary
- MLS Number: 7508549
- MLS Name: First Multiple Listing Service
- Office Name: Maximum One Greater Atlanta Realtors
- Office Phone: (770) 919-8825
- Listing Agent: George Ansong
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Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 2/23/2025, 4:20:48 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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$289,000
3542 Morgan Dr
$3,432
closing credit¹
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0.5% sale price²
Price information
Property sales
Date | Event | Price |
---|---|---|
Dec 17, 2020 | Home Sold | $21,000 |
Tax history
Year | Assessment | Property Tax |
---|---|---|
2023 | $19,528 | $578 |
2021 | $8,400 | $469 |
2020 | $14,361 | $557 |
2018 | $14,361 | $693 |
2017 | $14,361 | $538 |
History based on county public records data.
Nearby schools
3
John Robert Lewis Elementary School
Public District PK-5
1.0 mi
•3522 Greenbriar Rd
5
Vineville Academy
Public District PK-5
1.6 mi
•2260 Vineville Ave
2
Hartley Elementary School
Public District PK-5
1.8 mi
•2230 Anthony Rd
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $27,449. Residents of Macon, GA typically earn less than $<35k each year. Typical family type is single, no kids. Typical level of education for residents in this area is high school diploma.
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Frequently asked questions
Living in Macon, GA
About 3542 Morgan Dr
This home is located at 3542 Morgan Dr in Macon, GA and zip code 31204. Features: 0 bathroom. It has been listed on Rocket Homes since January 15, 2025 and is currently priced at $289,000.
Macon, GA housing market in January 2025 saw over 8 listings sold above listed price, more than 20 sold at listed price and over 38 sold below. In January 2025 in Macon, GA there were 19.9% more homes for sale than in December. Listings spent 63 days on the market in January 2025, and had a median list price of $187,503 during the same period.