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Holly Nelson

holly.nelson@evmountains.com +1(706) 455-7400

$ 289,000

Est. payment -/mo

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Active

3542 Morgan Dr Macon, GA 31204

0.25 Acres Lot

UPDATED:

01/28/2025 06:06 AM

Key Details

Property Type Multi-Family

Sub Type Multi Family,Quadruplex

Listing Status Active

Purchase Type For Sale

MLS Listing ID 10440297

HOA Y/N Yes

Originating Board Georgia MLS 2

Year Built 1951

Annual Tax Amount $496

Tax Year 2023

Lot Size 10,890 Sqft

Acres 0.25

Lot Dimensions 10890

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

Rooms

Basement Crawl Space

Interior

Heating Central, Electric

Cooling Ceiling Fan(s), Central Air

Fireplaces Number 1

Fireplace Yes

Laundry Other

Exterior

Parking Features Assigned

Garage Spaces 4.0

Community Features None

Utilities Available Gas Individual Meters

View Y/N No

Total Parking Spaces 4

Garage No

Private Pool No

Building

Faces GPS

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

HOA Fee Include Facilities Fee

Tax ID N0720155

Acceptable Financing Cash

Listing Terms Cash

Special Listing Condition Resale

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Holly Nelson

Associate Broker | License ID: 248829

+1(706) 455-7400

Holly Nelson

3542 Morgan Dr Macon, GA 31204

Key Details

Location

Rooms

Interior

Exterior

Building

Schools

Others

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3542 Morgan Dr