1 of 7
Tools
Size
9 Acres
Exterior
Financial
$210,000
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Listing Details
Multi Family
Property type
1984
Year Built
10767354
Web Id
10265044
MLS ID
83
Days Posted
Description
172 Pallet Mill Road, Thomaston, GA 30286
This property presents an attractive opportunity for investors or owner-occupants, featuring three apartment-style units (A-B-C) with a combined total of 1782 square feet, a single-family 1-bedroom tiny home spanning 488 square feet, and a 2-bedroom, 1-bath modular home totaling 972 square feet, all situated on 7 acres of land. The property generates a gross income of $2575, resulting in a net operating income (NOI) of $1925 per month or $23,100 per year, offering investors an enticing 11% capitalization rate (Cap Rate). Furthermore, the adjacent 22 acres are available for potential expansion, providing an opportunity to leverage passive income to cover mortgage expenses. During the due diligence process, all leases and leaders will be made available, ensuring transparency and clarity for prospective buyers. For more information on additional 22 acres, please refer to MLS # [10265048].
This is an Active listing.
Broker Office Phone Number: 770-227-5555
Copyright © 2024Georgia Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
This is an Active listing.
Broker Office Phone Number: 770-227-5555
Copyright © 2024Georgia Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Amenities
- Wall or Window Air Conditioner(s)
Price History
date | Price | variance | type |
---|---|---|---|
3/11/2024 | $210,000 | - | Listed |
Listing By: RE/MAX SOUTHERN via Data Source: Georgia Multiple Listing Service
listing agent: THE POTTS TEAM