22
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$115,000
Est. payment /mo
2 Beds
2 Baths
960 SqFt
Active
485 Mellon Street Columbus, GA 31903
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Key Details
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Active
Purchase Type For Sale
Square Footage 960 sqft
Price per Sqft $119
Subdivision Andrews
MLS Listing ID 228319
Bedrooms 2
Full Baths 2
HOA Y/N No
Year Built 1961
Lot Size 8,276 Sqft
Property Sub-Type Single Family Residence
Property Description
Investors, seize this exceptional opportunity to add a prime duplex to your portfolio! This well-maintained property features two fully remodeled 1-bedroom, 1-bath units, perfect for generating consistent rental income. Each unit has been updated with fresh interior and exterior paint. Recent renovations include the removal of a dilapidated enclosed porch and tree removal, providing a clean, inviting exterior. Significant upgrades have been made to ensure long-term durability and efficiency. The building showcases new fascia, soffit, and trim, along with a brand new 25-year architectural shingle roof and stylish new front doors. Inside, modern LVP flooring, two newly added kitchenettes—each equipped with sinks—make these units highly functional for tenants. The bathrooms have been tastefully updated with new vanities, plumbing, and fixtures. Additional improvements include brand new electric hot water heaters with protective pans, ensuring peace of mind for you and your tenants. The front fence has been repaired, adding to the property's overall appeal and security. Every unit has been fitted with new fixtures and upgraded electrical outlets, including GFCIs for safety compliance. Financially, this duplex is a standout investment. Each unit can generate approximately $800 per month, yielding a total income of $1,600. When factoring in management fees, vacancies, property taxes, insurance, and maintenance costs, the estimated cap rate stands around 11%. This impressive cash flow potential makes it a smart addition to any real estate portfolio. Constructed of all block, this building is built to last, requiring no immediate updates or repairs. With its strategic location and strong rental demand, this duplex promises to be a reliable source of income for years to come.
Location
State GA
Area 05-W Columbus
Interior
Heating Forced Air
Appliance Dishwasher
Building
Story 1
Sewer Public Sewer
Water Public
Level or Stories One
Others
Virtual Tour https://tour.usamls.net/485-Mellon-Street-Columbus-GA-31903/unbranded
Listed by Coldwell Banker / Kennon, Parker, Duncan & Davis
NEARBY SCHOOL & BUSINESS
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