3559 Morgan Drive

Welcome to your new cash cow in Macon, GA! This income-producing rooming house is a rare opportunity to own a high-demand property boasting a current gross income of $2,745 while being 85% occupied. But wait, it gets better. The property will be fully occupied on April 1st, and gross $3,145! This property features seven rooms and one studio apartment, with rent ranging from $300 to $635 per month. Most of the tenants are on social security, making them reliable and stable for the rooming house business. As an added bonus, Room 2 is occupied by an assistant rooming house manager, who is a long-term tenant for three years and pays rent on time every month. Room 3, Room 4, Room 5, and Room 7 are all occupied by social security tenants who have payees, ensuring guaranteed rent and making this rooming house an ideal investment for those seeking a reliable income stream. Room 1 is used as a utility room. The studio apartment is a gem, generating $635 per month. Landlord is responsible for paying all utilities and cable, which average $600 monthly. Improvements include newer roof, flooring, HVAC systems, and upgraded kitchens & bathrooms. Don't miss out on this rare opportunity to invest in this highly profitable and stable cash cow in Macon, GA! Contact us today to schedule a showing!