955 Elder St., Macon, GA 31217

955 Elder St., Macon, GA 31217
Photo 1 of 4
$59,900
Beds Baths Sq. Ft. Taxes Built
0.00 0 $450 1967
On the market: 0 days

Est. Monthly Payment:

$397($359 + $38 taxes*)

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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.
Listing courtesy of Patrick Peyer, Keller Williams Realty Metro Atlanta