Cash Cow Duplex in Monroe Sold

  • $45,000
  • 4 beds
  • 2 baths
  • 1536 sqft

209 Walker Dr. Monroe GA 30655

This duplex has been a work in progress for a long time and the owner is done. Has been vacant for years so vandals stole all the wiring out of one side and all of the plumbing out of the crawlspace.

The right side is not too far from being complete, wiring is run, just needs to be connected, both sides have new breaker boxes and new water heaters. The left side needs to be fully completed and is currently full of construction materials as seen in the pictures. Windows are all new, back decks need to be rebuilt. There is not central heating and air, window units and electric heaters should suffice.

Rents in this area are at $693 median which and rehab budget estimated at approx 30k. (Maybe less for the savvy investor.) For an all in price around 75k, this unit will generate $15,600 (650/month per side) gross rent per year, creating quite a nice Cap Rate.

Located less than a mile from a new master plan district, this unit is located very close to what will be the most attractive social site in town.

Text or Email Kris to schedule a time to inspect the property. 404-984-9628 KrisLewis4x@gmail.com

$5,000 non-refundable EMD secures this deal and as always we are happy to work with Realtors.

Wholesalers please touch base before offering to your prospective buyers.

Price:
$45,000
Address:
209 Walker Dr.
Monroe, GA 30655
Square Feet:
1536
Bedrooms:
4
Bathrooms:
2
Terms:
For Sale
Property Type:
Duplex
Year Built:
1930

Call 914-314-2276 for more details

Property Location