955 Elder ST, Macon, GA 31217
955 Elder ST, Macon, GA 31217
955 Elder ST, Macon, GA 31217
955 Elder ST, Macon, GA 31217
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$ 50,000
Est. payment | /mo

0.49 Acres Lot


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$ 50,000
Est. payment | /mo
Save

0.49 Acres Lot

Key Details

Property Type Multi-Family

Sub Type Multi Family,Duplex

Listing Status Active

Purchase Type For Sale

Subdivision Fort Hill

MLS Listing ID 10820369

HOA Y/N No

Year Built 1967

Annual Tax Amount $450

Tax Year 2025

Lot Size 0.490 Acres

Acres 0.49

Lot Dimensions 21344.4

Property Sub-Type Multi Family,Duplex

Source Georgia MLS 2

Property Description

Two Brick Duplexes (4 Units!) 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, but can refer you to professionals in all of these areas. Large roughly half-acre lot (.49 acre) could probably accommodate a third duplex for future value add.

Location

State GA

County Bibb

Rooms

Bedroom Description No

Basement None

Interior

Heating None

Cooling None

Fireplace No

Exterior

Parking Features Off Street

Garage Spaces 9.0

Community Features None

Utilities Available Other

View Y/N No

Total Parking Spaces 9

Garage No

Private Pool No

Building

Faces GPS Friendly

Sewer Public Sewer

Water Public

Level or Stories One

Structure Type Brick

New Construction No

Schools

Elementary Schools Other

Middle Schools Other

High Schools Other

Others

HOA Fee Include None

Tax ID S0640210

Special Listing Condition Fixer

Georgia MLS - GAMLS

Nearby Locations

Deborah Weiner
Deborah Weiner

Realtor-Owner

+1(678) 628-8865 | deborahweiner@northatlantahometeam.com

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955 Elder ST