CALLING ALL SAVVY INVESTORS!

691 Straight St, Macon, GA 31204

$70,000 After Repair Value -
$16,750 Asking Price -
$40,000 Cost of Repairs =
$13,250 Potential Profit

Property Details

Asking Price $16,750

After Repair Value $70,000

Costs of Repairs $40,000

Potential Profit $13,250

Living Area 1452 ft2

Property Type Single Family House

Bedrooms 2

Bathrooms 1

Half Bathrooms 0

Parking 0

Listed with Agent No

Property Description

This property is located in a developing area in Macon close to shopping centers and Mercer University literally a couple of miles off the Mercer Exit off I-75. The lot size is 0.26 acres which is huge relative to the adjacent lots. Large enough to put multiple buildings. There is a property on the land that we recommend be demolished. There are existing utilities and the foundation is intact and can be used to build back. Similar properties in the area rent for $650-$750 for a 2-bedroom 1 bath and $1,250 for properties with 4-5 bedrooms. Would make an excellent property for cashflow after repair/rebuild.

Repairs Needed

The property will need a full rehab. The structure on the lot is not salvageable however the lot is big and can hold 2 properties. Note that the asking price is negotiable.

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