172 Pallet Mill Rd
$210,000
Description
172 Pallet Mill Rd,
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.
Listing By: RE/MAX SOUTHERN via Data Source: GA MLS
Upson Lee
Schools
Upson Lee
Middle
Upson Lee
High
Price History
| date | price | variance | type |
|---|
| 3/11/2024 | $210,000 | - | Listed |
listing agent: THE POTTS TEAM
