3542 Morgan Dr Active Save Request In-Person Tour Request Virtual Tour
Macon,GA 31204
Key Details
Property Type Multi-Family
Sub Type Multi Family,Quadruplex
Listing Status Active
Purchase Type For Sale
MLS Listing ID 10440297
Year Built 1951
Annual Tax Amount $496
Tax Year 2023
Lot Size 10,890 Sqft
Property Description
Presenting an exceptional investment opportunity at 3542 Morgan Drive, where stability and profitability converge in one remarkable property. This single-family home, configured as a quadplex, offers four fully occupied units generating a reliable $3,080 per month in income. With three tenants secured under the Section 8 program and one senior citizen tenant, you'll benefit from guaranteed, government-backed rent payments, ensuring steady cash flow month after month. This property stands out not only for its consistent income but for its strong financial performance. With a Net Operating Income of $34,572 annually, it delivers an impressive 10% cap rate-a rare find in today's market. A 10% cap rate reflects a high return on investment, and this property has the long-term potential to continue performing at this level, offering a solid foundation for future growth. The current tenants are responsible, long-term residents who have demonstrated a strong commitment to maintaining the property and paying rent on time. With minimal turnover risk and stable tenancy, this is a hassle-free investment opportunity for those seeking passive income and low management demands. The seller is firm on the asking price, and this is an opportunity that will appeal to cash buyers only. With no due diligence period and no conventional financing available, this is an uncomplicated, streamlined acquisition designed for investors with immediate capital ready to deploy. The simplicity and certainty of this deal make it an ideal addition to any portfolio, promising reliable and sustainable returns from day one. 3542 Morgan Drive is not just another property-it's a cash-flowing asset that offers stability and strong returns. With the combination of guaranteed Section 8 rent, high profitability, and low-risk tenants, this opportunity is one that savvy investors will recognize for its immediate value. Act quickly to secure this property before it's gone.
Location
State GA
County Bibb
Interior
Heating Central,Electric
Cooling Ceiling Fan(s),Central Air
Fireplaces Number 1
Laundry Other
Exterior
Parking Features Assigned
Garage Spaces 4.0
Community Features None
Utilities Available Gas Individual Meters
View Y/N No
Building
Foundation Block,Slab
Sewer Public Sewer
Water Public
Structure Type Aluminum Siding
New Construction No
Schools
Elementary Schools Out Of Area
Middle Schools Miller Magnet
High Schools Central
Others
Acceptable Financing Cash
Listing Terms Cash
Special Listing Condition Resale