172 PALLET MILL RD THOMASTON, GA 30286

Features

• Price/sqft: $120
• Lot Size: 695653
• Total Units: 5
• Stories: 100
• Roof Type: Metal
• Heating: Central Furnace
• Exterior Walls: Wood

Facts

• Year Built: 01/01/1984
• Property ID: 865247744
• MLS Number: 10265044
• Parcel Number: 035-006
• Property Type: Townhouse or Condo
• County: UPSON
• Listing Status: Active

Sale Type

This is an MLS listing, meaning the property is represented by a real estate broker, who has contracted with the home owner to sell the home.

Description

This listing is NOT a foreclosure. 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].