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$90,000

For Sale - Active
755 Grosso Ave, Macon, GA 31204
4 Beds
0 Baths
0 Square Feet
0.00 Acres Lot
Built in 1960
For Sale - Active
2 Units
Checked: 15 hours ago
Updated: Aug 26, 2025 at 10:12AM

Investment Summary


Monthly Cash Flow
$127
Cap Rate
7.8%
Cash-on-Cash Return
7.4%
Debt Coverage Ratio
1.28
Internal Rate of Return (5 years)
11.2%

Property Description


0.00 Acres Lot
Built in 1960
For Sale - Active
2 Units

Back on the market with a new, reduced price! Don't miss this outstanding investment opportunity - a fully tenant-occupied duplex offering immediate income from day one. Each unit is currently leased, providing reliable cash flow and minimal downtime for the next owner. This property is ideal for both seasoned investors looking to expand their portfolio and first-time buyers seeking to enter the rental market with built-in occupancy. The property features 2 bedrooms and 1 bath per unit, living areas, and layouts designed for comfortable everyday living. Tenants enjoy on-site parking, laundry hookups or outdoor space. With current tenants in place, you can start earning returns immediately - no need to spend time or money on vacancy turnover. Whether you choose to hold for steady long-term income or explore future value-add improvements, this property delivers flexibility and potential. Act now to secure a cash-flowing duplex!

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Location


Property Details


Parking

  • Description: Assigned
  • Details: Off Street
  • Garage Spaces: 0
  • Spaces Total: 0

Bedroom Information

  • # of Bedrooms: 4

Bathroom Information

  • # of Baths (Total): 0.0

Interior Features

  • # of Stories: 1
  • Basement Description: None

Exterior Features

  • Exterior Walls Materials: Concrete Block
  • Roof Type: Gable

Land Information

  • Land Use: Residential Income
  • Land Use Subtype: Duplex

Lot Information

  • Parcel ID: O0830049
  • Lot Size: 0 sqft

Property Information

  • Property Type: Duplex
  • Year Built: 1960

Tax Information

  • Annual Tax: $394

Utilities

  • Water & Sewer: Public
  • Heating: Floor Furnace
  • Cooling: Window Unit(s)

Location

  • County: Bibb

Listing Details


Listed by:
Rasheedah Oliver
Kelly Realty Group LLC
(704) 858-6966

Source:
Georgia MLS
MLS#: 10583121
Georgia MLS

Investment Summary


Monthly Cash Flow
$127
Cap Rate
7.8%
Cash-on-Cash Return
7.4%
Debt Coverage Ratio
1.28
Internal Rate of Return (5 years)
11.2%

Purchase Details

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Purchase price:
$90,000
Amount financed:
-$72,000
Down payment:
$18,000
Closing costs:
$2,700
Rehab costs:
$0
Initial cash invested:
$20,700
Square feet:
0
Cost per square foot:
n/a
Monthly rent per square foot:
n/a

Financing Details

Find a Lender

Loan amount:
$72,000
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
6.625%
Principal & interest:
$461
Property tax:
$33
Insurance:
$63
Private mortgage insurance (PMI):
$0
Monthly payment:
$557

Operating Income

Find a Property Manager

% Rent Monthly Yearly
Gross rent:
$900 $10,800
Vacancy loss: (6%)
6% -$54 -$648
Operating income:
$846 $10,152

Operating Expenses


% Rent Monthly Yearly
Property taxes: (4%)
4%-$33-$395
Insurance: (7%)
7%-$63-$756
Property management: (8%)
8%-$72-$864
Repairs & maintenance: (5%)
5%-$45-$540
Capital expenditures: (5%)
5%-$45-$540
HOA fees: (n/a)
n/an/an/a
Total operating expenses: (29%)
29%-$258-$3,095

Cash Flow


Monthly Yearly
Net operating income:
$588 $7,056
Mortgage payments:
-$461 -$5,532
Cash flow:
$127 $1,524