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bedrooms
bedrooms
0
bathrooms
bathrooms
0
square feet
square feet
0
acreage
Acreage
0.25
open houses
Open Houses
-
year built
year built
1951
full baths
Full Baths
0
half baths
Half Baths
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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
Subdivision New Sub
County Bibb - GA
Elementary School Rosa Taylor
Middle School Miller Magnet
High School Central - Bibb
open houses Open houses
None scheduled.
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MLS number: 7508549
Listing agent: George Ansong
Listing broker: Maximum One Real Estate Group, Llc (770) 919-8825
Copyright © 2025 First Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.   [source]
Last update: Saturday, January 18 2025 at 6:31 a.m. EST
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