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About This Home
This 2-bedroom, 2-bathroom single family at 485 Mellon Street in Columbus, GA is listed for $115,000 ($120 per sqft). Built in 1961, the home offers 960 sqft of living space on a 0.19 acres lot.
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.
Key Features
- Built in 1961
- 0.19 acre lot
Property Details
Monthly Cost Estimate
$615/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
485 Mellon Street
Columbus, GA 31903
Andrews
Property Details
Construction
Heating
Appliances
Questions & Answers
This 2-bedroom, 2-bathroom single family at 485 Mellon Street is listed at $115,000 ($120/sqft). The estimated monthly payment is $498 based on 20% down at 6.5% interest.
Key features include: Built in 1961, 0.19 acre lot.
This property is listed by Jonathan Dicesaris and can be reached at 7063047433 or jonnydicesaris@gmail.com.





















