809 Atlantic AVE, Waycross, GA 31501
809 Atlantic AVE, Waycross, GA 31501
809 Atlantic AVE, Waycross, GA 31501
809 Atlantic AVE, Waycross, GA 31501
809 Atlantic AVE, Waycross, GA 31501
809 Atlantic AVE, Waycross, GA 31501
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Arden Jones

Arden Jones

Monarch & Third Real Estate

+1(706) 587-9563
Listed by CC Hightower Situs Real Estate, LLC
$ 160,000
Est. payment | /mo

4 Beds

2 Baths

0.44 Acres Lot

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$ 160,000
Est. payment | /mo
Save Virtual Tour

4 Beds

2 Baths

0.44 Acres Lot

Key Details

Property Type Other Types

Sub Type Duplex

Listing Status Active

Purchase Type For Sale

Subdivision No Recorded Subdivision

MLS Listing ID 2001553

Bedrooms 4

Full Baths 2

HOA Y/N No

Year Built 1955

Lot Size 0.440 Acres

Acres 0.44

Property Sub-Type Duplex

Source ScoutMLS

Property Description

This well-maintained duplex is an excellent investment opportunity in a desirable area of Waycross, conveniently located near shopping, dining, and schools. Each unit features 2 bedrooms and 1 bathroom and has a strong history of attracting long-term tenants who appreciate the quiet, peaceful setting. Unit 807 is currently leased for $600 per month (below current market rent), providing an opportunity for future rental growth. Unit 809 was leased for $800 per month (market rate), but the tenant has recently moved out, giving the new owner the flexibility to select their own tenant or occupy the unit if desired. With one unit producing immediate income and the other ready for a new tenant, this property offers a great combination of current cash flow and upside potential. Based on recent rental rates, the duplex has a gross rental income potential of $1,400 per month and potentially $1,600 per month. Duplex has a recent cap rate of 8.95% and potential of 10.45% or more when taking into account taxes and insurance. Unit is being sold AS-IS. Owner is a licensed real estate agent in the state of Georgia.

Location

State GA

County Ware

Direction From the intersection of Hwy 84 and Hwy 82/Bus 1. Travel East on Hwy 82/Bus 1 for approximately 0.7 miles, turn left on to Harrison St. and continue for 0.2 miles, continue straight on to Satilla Blvd for 0.3 miles. Turn right on to Atlantic Ave for 0.2 miles and 807 & 809 Atlantic Ave will be on your left.

Body of Water Public

Interior

Heating Central, Electric

Cooling Central Air

Exterior

Utilities Available Cooling Units Total, Heating Units Total

Roof Type Shingle

Present Use Multi-Family

Street Surface Asphalt

Road Frontage City Street

Private Pool No

Building

Lot Description Back Yard, Corner Lot

Sewer Public Sewer

Water Public

New Construction No

Others

Acceptable Financing 1031 Exchange, Cash, Conventional

Listing Terms 1031 Exchange, Cash, Conventional

Special Listing Condition Agent Owned

Pets Allowed Pets Allowed, Call

Virtual Tour https://www.propertypanorama.com/instaview/golden_isles/2001553

Nearby Locations

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Arden Jones
Arden Jones

Broker

+1(706) 587-9563

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809 Atlantic AVE