Cash flowing 5 plex available for sale

2702 Cherokee Ave, Macon, GA 31204

$180,000 After Repair Value -
$140,000 Asking Price -
$15,000 Cost of Repairs =
$25,000 Potential Profit

Property Details

Asking Price $140,000

After Repair Value $180,000

Costs of Repairs $15,000

Potential Profit $25,000

Living Area 2826 ft2

Property Type Multi-Family

Bedrooms +6

Bathrooms 5

Half Bathrooms N/A

Parking 1

Listed with Agent 1

EPI (Estimated Potential Income)

Potential Rental Income $35,400

Yearly Expenses $7,340

Property Taxes $1,026

Net Operating Income $29,261

Cap Rate 10

Property Description

Add this cash flowing property to your rental portfolio! The property is just minutes to Mercer University and should be easy to keep rented. There is also easy access to shopping and restaurants. It is also in a nice community of 1900 Victorian style homes.

Repairs Needed

Roof is new and appliances update. Only needs cosmetic upgrades.

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