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!
For sale
$150,000
1131 Merry St, Augusta, GA 30904
2beds
1,208sqft
Est.:
Single Family Residence, Residential
Built in 1940
-- sqft lot
$184,300 Zestimate®
$124/sqft
$-- HOA
What's special
- 3 hours
- on Zillow |
- 34 |
- 0 |
Zillow last checked: 7 hours ago
Listing updated: 10 hours ago
Listed by:
Alettia Rucker 706-910-2999,
Covenant Realtors, LLC
Source: REALTORS® of Greater Augusta,MLS#: 545358

Travel times
Tour with a buyer's agent
Tour with a buyer's agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 2
- Bathrooms: 1
- Full bathrooms: 1
Primary bedroom
- Level: Main
- Area: 144 Square Feet
- Dimensions: 12 x 12
Bedroom 2
- Level: Main
- Area: 144 Square Feet
- Dimensions: 12 x 12
Primary bathroom
- Level: Main
- Area: 100 Square Feet
- Dimensions: 10 x 10
Dining room
- Level: Main
- Area: 130 Square Feet
- Dimensions: 13 x 10
Kitchen
- Level: Main
- Area: 100 Square Feet
- Dimensions: 10 x 10
Laundry
- Level: Main
- Area: 100 Square Feet
- Dimensions: 10 x 10
Living room
- Level: Main
- Area: 150 Square Feet
- Dimensions: 15 x 10
Interior area
- Total structure area: 1,208
- Total interior livable area: 1,208 sqft
Property
Details
- Parcel number: 0451182000
Construction
Type & style
- Home type: SingleFamily
- Property subtype: Single Family Residence, Residential
Condition
- Year built: 1940
Community & HOA
Community
- Subdivision: None-1ri
Location
- Region: Augusta
Financial & listing details
- Price per square foot: $124/sqft
- Tax assessed value: $137,830
- Annual tax amount: $762
- Date on market: 8/4/2025
- Loading
- Loading