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172 Pallet Mill Road

Thomaston, GA 30286
  • $210,000
  • STATUS: Active
  • ON SITE: 76 Days
  • MLS #: 10265044
UPDATED: 39 min ago
$210,000
  • 0
    BEDS
  • 9
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1984
County:
Area:

School Information

Elementary School:
Middle School:
High School:

Description

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].

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Georgia MLS logo© 2024 Georgia Multiple Listing Service, Inc. All rights reserved. The data relating to real estate for sale or lease on this web site comes in part from GAMLS. Real estate listings held by brokerage firms other than The Jarrett Martin Group | Corcoran Classic Living are marked with the GAMLS logo or an abbreviated logo and detailed information about them includes the name of the listing broker. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by GAMLS or The Jarrett Martin Group | Corcoran Classic Living. Data last updated: 2024-05-28T20:10:28.337.
www.jarrettmartingroup.com/homes/148486223
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172 Pallet Mill Road Thomaston, GA 30286

  • Price: $210,000
  • Status: Active
  • On Site: 76 Days
  • Updated: 39 min ago
  • MLS #: 10265044
0
Beds
0
Baths
0
½ Baths
9
Acres
1984
Built
Neighborhood:
None
County:
Upson
Area:
Thomaston
Elementary School:
Upson-Lee
Middle School:
Upson Lee
High School:
Upson Lee
Property Description
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].
Exterior Features

Attached Garage YN No Carport YN No Construction Materials Vinyl SidingWood Siding Foundation Details BlockSlab Garage YN Yes Levels One Lot Size Area 9 Lot Size Source Agent Lot Size Units Acres Parking Features Detached

Interior Features

Above Grade Finished Area Units Square Feet Basement None Below Grade Finished Area Units Square Feet Building Area Units Square Feet Cooling OtherWindow Unit(s) Cooling YN Yes Fireplace YN No Fireplaces Total 0 Heating CentralOther Heating YN Yes Living Area Units Square Feet

Property Features

Association Fee Includes None Association YN No Community Features None Gross Income 2575 New Construction YN No Property Condition Resale Property Sub Type Multi FamilyTriplex Sewer Septic Tank Structure Type HouseOtherTriplex Tax Annual Amount 1240.95 Tax Year 2023 Utilities Gas Billing Prorated Water Source Well

GAMLS logo Listing provided courtesy of RE/MAX SOUTHERN: 770-227-5555. © 2024 Georgia Multiple Listing Service, Inc. All rights reserved. Information Deemed Reliable But Not Guaranteed.


Georgia MLS logo© 2024 Georgia Multiple Listing Service, Inc. All rights reserved. The data relating to real estate for sale or lease on this web site comes in part from GAMLS. Real estate listings held by brokerage firms other than The Jarrett Martin Group | Corcoran Classic Living are marked with the GAMLS logo or an abbreviated logo and detailed information about them includes the name of the listing broker. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by GAMLS or The Jarrett Martin Group | Corcoran Classic Living. Data last updated: 2024-05-28T20:10:28.337.
 
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The Jarrett Martin Group | Corcoran Classic Living
940 Prince Ave STE C
Athens GA, 30606