809 Atlantic Ave #807 & 809, Waycross, GA 31501

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.