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4196 Mikado Avenue

Macon, GA 31206
  • $138,900
  • STATUS: Active
  • ON SITE: 51 Days
  • MLS #: 7028080
UPDATED: 69 min ago
$138,900
  • 5
    BEDS
  • 0.34
    ACRES
  • 3
    BATHS
  • 0
    1/2 BATHS
  • 1,606
    SQFT
  • $86
    $/SQFT
Neighborhood:
Type:
Single-Family Home
Built:
1920
County:
Area:

School Information

Elementary School:
Middle School:
High School:

Description

CASH COW house. This cash-flowing turnkey investment opportunity is generating $2560/month in gross income and a sizable profit. Landlord pays all utilities. $22,270 NOI & 16% cap rate. Long-term qualified tenants paying rent on time. Recent renovations include a NEW roof, HVAC system, and upgraded kitchens & bathrooms. Value-added opportunity with separate 475 square foot unit in the back of the house. Plumbing & electrical in place. You have the option to convert it to a 1 bedroom/1 bathroom suite to generate an additional $800 monthly with a Section 8 tenant. Mercer University is nearby. Preferred closing attorney is Chalker & Chalker. Sold as is, where is.

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www.thomasramonrealty.com/homes/127478776
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4196 Mikado Avenue Macon, GA 31206

  • Price: $138,900
  • Status: Active
  • On Site: 51 Days
  • Updated: 69 min ago
  • MLS #: 7028080
5
Beds
3
Baths
0
½ Baths
0.34
Acres
1,606
SQFT
$86
$/SQFT
1920
Built
Neighborhood:
Mikado Place
County:
Bibb
Area:
Bibb
Elementary School:
Bruce
Middle School:
Rutland
High School:
Rutland
Property Description
CASH COW house. This cash-flowing turnkey investment opportunity is generating $2560/month in gross income and a sizable profit. Landlord pays all utilities. $22,270 NOI & 16% cap rate. Long-term qualified tenants paying rent on time. Recent renovations include a NEW roof, HVAC system, and upgraded kitchens & bathrooms. Value-added opportunity with separate 475 square foot unit in the back of the house. Plumbing & electrical in place. You have the option to convert it to a 1 bedroom/1 bathroom suite to generate an additional $800 monthly with a Section 8 tenant. Mercer University is nearby. Preferred closing attorney is Chalker & Chalker. Sold as is, where is.
Exterior Features

Architectural Style Traditional Construction Materials Other Dock None Exterior Features Other Fencing None Foundation None Horse Amenities None Land Lot 0 Lot Features Other Number Of Parking Spaces 2 Other Structures None Parking Features Driveway Patio And Porch Features None Pool Features None Road Surface None Road Type None Roof Type Composition Stories One View Other Waterfront Features None Window Features None

Interior Features

Additional Rooms Other Appliances Other Basement None Bedroom Features Other Cooling Ceiling Fan(S)Central Air Dining Room Features Other Fireplace Features None Flooring None Heating Central Interior Features Other Kitchen Features Other Laundry Features Other Lower Bedrooms 0 Lower Full Baths 0 Lower Half Baths 0 Main Bedrooms 5 Main Full Baths 3 Main Half Baths 0 Master Bathroom Features Other Number Of Fireplaces 0 Upper Bedrooms 0 Upper Full Baths 0 Upper Half Baths 0

Property Features

Accessibility Features None Association YN No Carport Or Garage 0 Common Walls No Common Walls Community Features None Electric Other Green Energy Efficient None Green Energy Generation None Hoa Rent Restrictions No Home Warranty No Lake Name None Land Lease YN No Lot Size Dimensions 0 Master Association Fee 0 Number Of Units In Community 0 Occupant Type Tenant Other Equipment None Owner Financing No Ownership Fee Simple Property Attached YN No Property Condition Resale Security Features None Sewer Public Sewer Spa Features None Special Circumstances None Special Listing Conditions None Swim Tennis Fee Due None Tax Year 2021 Taxes 350.00 Type Single Family Residence Utilities Cable AvailableElectricity AvailableOther Water Source Public Waterfront Footage 0

Listing provided courtesy of Keller Williams Realty Atl North.


First MLS logo Listings identified with the FMLS IDX logo come from FMLS, are held by brokerage firms other than the owner of this website and the listing brokerage is identified in any listing details. Information is deemed reliable but is not guaranteed. If you believe any FMLS listing contains material that infringes your copyrighted work, please click here to review our DMCA policy and learn how to submit a takedown request. © 2022 First Multiple Listing Service, Inc. Data last updated 2022-05-29T00:04:23.013. For issues regarding this website, please contact BoomTown.
 
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Palmer House Properties
905 Juniper Street, NE, Suite 110
Atlanta GA, 30340