$210,000

172 Pallet Mill Road, Thomaston, GA 30286
Triplex, Multi-Family
MLS# 10265044 | Active

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].

4/28/2024 8:41 AM
Listing Information
Property Type: Triplex, Multi-Family, 1 Story
9 Acres
1984
1
Vinyl siding,Wood
None
Block, Slab
Well
Septic Tank
School Information
Upson-Lee
Upson Lee
Upson Lee
Room Information
Bathrooms
Interior Features
Window Unit(s)
Other, Central
None
Exterior / Lot Features
Detached
Wood, Vinyl
Driving Directions
GPS
Area map
Walk Score
Financial Considerations
035 006
$1,241
Listing Price History

Courtesy: RE/MAX SOUTHERN

The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of Georgia MLS. Real estate listings held by brokerage firms other than this broker are marked with the Broker Reciprocity logo and detailed information about them includes the name of the listing brokers. The broker providing this data believes it to be correct, but advises interested parties to confirm them before relying on them in a purchase decision. Copyright 2022 Georgia MLS. All rights reserved.