#7459195, Jason Harris, Listing Office: Harris Real Estate Service, Inc.
3554 Thorpe St Macon, GA 31204
Property details
About 3554 Thorpe St
This LEGAL DUPLEX is a prime investment opportunity offering immediate RENTAL INCOME. Each unit features 2 BEDROOMS and 1 BATHROOM, complete with its own kitchen. Currently, the property generates $800 per month from long-term tenants on MONTH-TO-MONTH LEASES. With a certified ARV APPRAISAL of $135,000 and a detailed contractor bid of $40,000 for renovations to make both units SECTION 8 READY, this property has immense potential. Once updated, the duplex can yield $1,500 per month in rental income through the Macon Housing Authority, with an approved rent of $750 per unit—resulting in an impressive 20% ANNUAL RENTAL CAP RATE. This is an ideal opportunity for investors seeking to utilize a HARD MONEY BRIDGE LOAN, complete renovations, and refinance into a 30-YEAR MORTGAGE. The seller is willing to assist with tenant placement post-renovation. Don’t miss out on this high-yield investment. Contact us today for more details on financing, renovation plans, and how to maximize your return!
Highlights
Summary
- MLS Number: 7516566
- MLS Name: First Multiple Listing Service
- Office Name: Keller Williams Realty Atl North
- Office Phone: (770) 509-0700
- Listing Agent: Gabriel Bettsack
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IDX Provided by Rocket Homes Real Estate, LLC
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 3/14/2025, 6:20:49 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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$89,000
3554 Thorpe St
$1,057
closing credit¹
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Seller rebate
0.5% sale price²
Price information
Property sales
Date | Event | Price |
---|---|---|
Oct 20, 2023 | Home Sold | $45,000 |
Jan 18, 2022 | Home Sold | $24,000 |
Tax history
Year | Assessment | Property Tax |
---|---|---|
2023 | $39,093 | $1,157 |
2021 | $20,521 | $332 |
2020 | $20,521 | $796 |
2018 | $20,521 | $1,060 |
2017 | $19,875 | $744 |
History based on county public records data.
Nearby schools
3
John Robert Lewis Elementary School
Public District PK-5
0.9 mi
•3522 Greenbriar Rd
2
Hartley Elementary School
Public District PK-5
1.9 mi
•2230 Anthony Rd
2
Union Elementary School
Public District PK-5
2.0 mi
•4831 Mamie Carter Dr
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 $24,191. Residents of Macon, GA typically earn less than $<35k each year. Residents typically live in single, no kids family. The majority of residents in this area have high school diploma education.
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Frequently asked questions
Living in Macon, GA
About 3554 Thorpe St
This home is located at 3554 Thorpe St in Macon, GA and zip code 31204. Features: 0 bathroom. It has been listed on Rocket Homes since January 30, 2025 and is currently priced at $89,000.
Macon, GA housing market in February 2025 saw over 10 listings sold above listed price, more than 21 sold at listed price and over 39 sold below. The number of listings in Macon, GA increased by 20.3% between January and February 2025. The median list price of listings available in February 2025 was $191,600, while the average time on the real estate market was 60 days.