1131 Merry Street
Augusta, GA 30904
2 beds | 1 bath | #545358
Description
Turnkey Investment! Tenant-Occupied Bungalow w/ 1200/mo Income & Lease Until Oct 2026 | Updated & Low Maintenance.
1131 Merry St presents a rare opportunity: A move-in-ready, fully updated 2-bedroom, 1-bath bungalow generating immediate, stable rental income at 1,200 per month. The current tenant is secured under a lease extending through October 2026, providing you with over 2 years of predictable cash flow from day one.
This is a low-maintenance, high-appeal asset:
• Financially Strong: Immediate 1,200/month rental income locked in until late 2026.
• Modern & Durable: Enjoy peace of mind with a 5-year-old 30-year roof, fresh paint, new windows, updated cabinets, granite countertops, and stainless steel appliances. Hardwood floors throughout add lasting value.
• Tenant-Friendly Features: The screened-in front porch and spacious, fully fenced yard enhance tenant satisfaction and retention. An additional storage building adds utility.
• Move-In Ready: Zero renovation needed - your passive income stream starts immediately upon closing.
Maximize Your Leverage: We can even assist qualified investors in leveraging this property's strong rental income to secure funding.
Don't miss this ideal ''hands-off'' investment: Strong current cash flow, a quality updated property, and a lease providing stability. Ideal for building your portfolio.
Act Now! Schedule a viewing & review current lease details:
BRING ALL SERIOUS OFFERS!
Property Details
- Property SubtypeSingle Family Residence
- Property TypePurchase
- SubdivisionNone-1ri
- CountyRichmond
- MLS #545358
- Cost150000
- MLS #545358
- Year Built1940
- Bedrooms2
- Bathrooms1
- Full Baths1
Location
Legal
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Last Updated: . Source: AUGUSTAMLS
Listing Courtesy
Listing Agent: Alettia Rucker (#699_539)
Listing Office: Covenant Realtors, LLC (#699)
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