John A. Vera Rueda
    John A. Vera Rueda
    (404) 499-4644john@mbarealtygroupllc.com
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    • John A. Vera Rueda(404) 499-4644
      john@mbarealtygroupllc.com
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    • Provident Legacy Realtors Sugar Hill
      740 N Price Rd
      Sugar Hill, GA 30518
      (470) 797-7400
      admin@providentlegacyrealtors.com
      79174

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    Georgia MLS

    The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of GAMLS. All real estate listings are marked with the GAMLS Broker Reciprocity thumbnail logo and detailed information about them includes the name of the listing brokers. The broker providing these data believes them to be correct, but advises interested parties to confirm them before relying on them in a purchase decision. Copyright 2023 GAMLS. All rights reserved.

    $139,000
    Sold

    3559 Morgan Drive

    Macon, GA 31204
    0.44 acres | #10141924
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    Type:Purchase
    Structure:House
    Zone:Residential

    Description

    Welcome to your new cash cow in Macon, GA! This income-producing rooming house is a rare opportunity to own a high-demand property boasting a current gross income of $2,745 while being 85% occupied. But wait, it gets better. The property will be fully occupied on April 1st, and gross $3,145! This property features seven rooms and one studio apartment, with rent ranging from $300 to $635 per month. Most of the tenants are on social security, making them reliable and stable for the rooming house business. As an added bonus, Room 2 is occupied by an assistant rooming house manager, who is a long-term tenant for three years and pays rent on time every month. Room 3, Room 4, Room 5, and Room 7 are all occupied by social security tenants who have payees, ensuring guaranteed rent and making this rooming house an ideal investment for those seeking a reliable income stream. Room 1 is used as a utility room. The studio apartment is a gem, generating $635 per month. Landlord is responsible for paying all utilities and cable, which average $600 monthly. Improvements include newer roof, flooring, HVAC systems, and upgraded kitchens & bathrooms. Don't miss out on this rare opportunity to invest in this highly profitable and stable cash cow in Macon, GA! Contact us today to schedule a showing!

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    The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of GAMLS. All real estate listings are marked with the GAMLS Broker Reciprocity thumbnail logo and detailed information about them includes the name of the listing brokers. The broker providing these data believes them to be correct, but advises interested parties to confirm them before relying on them in a purchase decision. Copyright 2023 GAMLS. All rights reserved.


    Last Updated: Today at 1:28 PM. Source: GAMLS

    Provided By
    Listing Agent: Gabriel Z. Bettsack (#BETTSACKGABR)
    Listing Office: Keller Williams Rlty-Atl.North (#KWEC01)

    John A. Vera RuedaReal Estate Group
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