GA
Bibb
Macon
31206
2503 Felton Avenue
2503 Felton Avenue, Macon, GA 31206
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Listing Type
Multi Family
Listing Status
Active
20
$219,900

Home Details for 2503 Felton Avenue

Price
$219,900
Type
Residential Income
Year built
1970
Lot size acres
0.23
County
Bibb
Basement
None
MLS Listing#
10707005
Property Description

This turnkey duplex is less than a mile from Mercer University and delivers strong day one cash flow with a cap rate above 10 percent. Must be purchased with adjacent & identical duplex that is on a separate parcel. Two stable duplexes with value add opportunity! Each unit is a spacious 3 bedroom, 1 bath layout with updated interiors featuring LVP flooring throughout, tile bathrooms, and fresh paint. Clean, durable finishes keep maintenance low and tenant appeal high. Rents currently range from $950 to $1,250 per month per unit, providing immediate income from day one. The property is already renovated and stabilized with solid cash flow, yet offers light to moderate value add opportunity through strategic upgrades and rent optimization. Investors can increase income & value through improved amenities, exterior enhancements, or continued rent adjustments to market rates. These units have functional layouts with updated interiors. Adjacent duplex is located at 806 Armory Drive. Total price for both duplexes is $439,800 and they must be purchased simultaneously. Additional information available upon request.

Property Features
  • Cooling Information
    • Window Unit(s)
  • Heating Information
    • Baseboard
  • Water Features
    • Public
  • Utilities
    • Sewer Connected
  • Parking
    • Parking Pad
  • Basement
    • None
School Information
School Information for 2503 Felton Avenue, Macon, GA 31206
Elementary School
Ingram Pye
Middle School
Other
High School
Southwest
Listing Courtesy: Rivoli Realty - 478-477-6528
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EXIT FOR SALE REALTY
254 W. Franklin St., Hartwell, GA 30643
Office
706 377 2525
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