$ 210,000
172 Pallet Mill RD Thomaston, GA 30286
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Listed by THE POTTS TEAM • RE/MAX SOUTHERN
$ 210,000
Est. payment | /mo
9 Acres Lot
$ 210,000
Est. payment | /mo
9 Acres Lot
Key Details
Property Type Single Family Home
Listing Status Active
Purchase Type For Sale
MLS Listing ID 10265044
Construction Status Resale
HOA Y/N No
Year Built 1984
Annual Tax Amount $1,240
Tax Year 2023
Lot Size 9.000 Acres
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].
Location
State GA
County Upson
Rooms
Basement None
Interior
Heating Central, Other
Cooling Other, Window Unit(s)
Exterior
Garage Detached
Community Features None
Utilities Available Gas Billing Prorated
Building
Story One
Foundation Block, Slab
Sewer Septic Tank
Level or Stories One
Construction Status Resale
Schools
Elementary Schools Upson-Lee
Middle Schools Upson Lee
High Schools Upson Lee
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