Active
825 Forest Lake Drive S
Macon GA, 31210
$325,000
Active
Multi-family
Built in 1965
This North Macon duplex is suited for owner occupied or individual with a real estate portfolio. The 1109 Valley Rd Unit was built recently and is occupied with a 12 month lease agreement. Renters pay in that unit pay $1,220 per month. The 825 S Forest Lake Dr S unit is owner occupied. This rent estimate for this unit is $1,750 or more. And, the math is very simple and easily understood that your investment is good. For instance, at 10% down on a 30yr conventional loan, you are looking at $13,455 return per year on your investment. Giving the interest rate today, you can get 6.5% or lower interest rate. So, financing about 292.5k for 30 yrs at 6.5%, your mortgage is $1,848.80 per month and your rental income is $2,970. Your monthly ROI is $1,121.20.
10364963
MLSⓇ ID
September 2, 2024
Listed
October 17, 2024
Updated
Map
825 Forest Lake Drive S
Macon GA, 31210
Interior Features
Laundry Description
In Unit
Fireplace
Yes
Cooling
Yes
Cooling Description
Attic Fan, Ceiling Fan(s), Central Air, Dual, Electric, Heat Pump, Zoned
Heating
Yes
Heating Description
Central, Electric, Forced Air, Heat Pump
Exterior/Building Features
Lot Size
0.44 Acres
Sewer
Public Sewer
School Information
High School
Howard
Elementary School
M Lane
Other Property Details
Taxes
$1,480
Tax Frequency
Annually
Days on Market
45
Garage
Yes
Parking
Attached, Carport, Detached, Garage, Garage Door Opener, Off Street, Side/Rear Entrance
Parking Total
8
View
No
County
Bibb
Water Source
Public
Pool
No
Listing History
Date | Event | Price |
|---|---|---|
10/14/2024 | Price change | $325,000 -2% |
10/14/2024 | Price change | $329,000 -2% |
Listed with Jubilee Real Estate, Inc.
Based on information from Georgia MLS as of 10/17/2024. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
©2024 Georgia MLS. All rights reserved. Information deemed reliable but not guaranteed.
Data last updated 5:40 AM UTC, 10/17/2024
