$210,000 Price Analysis 172 Pallet Mill RdThomaston, GA 30286 Unknown bed None bath unknown SqFt ($0/SqFt) 9.0 acre lot. Built 1984 Listed 2024-03-12, Taxes $766 | ✓ USDA Eligible near Thomaston, GA |
Feturing 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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Property MLS #10265044 from GeorgiaMLS
Year | Assessments Building + Land Total | Tax |
---|---|---|
2022 | $10,935 + $16,712 $27,647 | $766 |
2021 | $9,025 + $16,712 $25,737 | $678 |
2020 | $8,569 + $15,426 $23,995 | $676 |
2019 | $7,888 + $15,426 $23,314 | $714 |
2018 | $14,840 + $15,426 $30,266 | $927 |
2017 | $18,749 + $15,426 $34,175 | $1,148 |
2016 | $16,302 + $12,855 $29,156 | $996 |
2015 | $16,302 + $12,855 $29,157 | $996 |
2014 | $18,231 + $21,739 $39,970 | $1,368 |
2013 | $18,231 + $21,739 $39,970 | $1,278 |
2010 | $29,146 + $27,778 $56,924 | $1,552 |
2009 | $29,146 + $27,778 $56,924 | $1,552 |
2008 | $37,225 + $27,778 $65,002 | $1,552 |
2007 | $37,225 + $27,778 $65,002 | $1,756 |
2006 | $31,021 + $27,778 $58,798 | $1,588 |
The property loan eligibility may be subject to additional requirements beyond geographical location including but not limited to the condition of the property. Speak with a real estate professional to find out more about the eligibility of a specific property.