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$425,000   Price Analysis
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720 W Main St
Thomaston, GA 30286
Unknown bed None bath unknown SqFt ($0/SqFt)
0.35 acre lot. Built 1929
Listed 2024-02-26, Taxes $1,399
USDA Eligible
near Thomaston, GA
 

CALLING ALL INVE STORS.

Mjor Cash Flow available near down town Thomaston Ga. 720 W Main St at West End Rooms has 10 separate units this includes the main home that has 9 units/rooms with a shared kitchen, bathrooms and laundry.

Along with additional unit that is a separate apartment with kitchenette and bathroom. This property offers an NOI of $46, 440 per year. Giving an investor a 11 % cap rate. The property has recently had a new roof installed. Leases, leaders and inventory will be provided during due diligence.


Presented by THE POTTS TEAM at
Remax Southern.
Listing Agent Photo

Property MLS #10258226 from GeorgiaMLS

Cooling Features: Central Air
Heating Features: Central

Basement Description: Unfinished

Lot Size Acres: 0.35
Lot Size Square Feet: 15246

Parking Features: Detached, Off Street, Parking Pad

Association: No
Calculated Total Monthly Association Fees: 0

Elementary School: Upson-Lee
High School: Upson Lee
Middle School: Upson Lee

Upson-Lee Middle School is a public middle school located approximately 1.4 miles away.
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Upson-Lee North Elementary School is a public elementary school located approximately 2.1 miles away.
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Upson-Lee High School is a public high school located approximately 2.5 miles away.
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Covenant Christian Academy is a private elementary and middle school located approximately 2.1 miles away.
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Gross Income: 5620

Number of Units: 10

Annual Tax Amount: 1883.84
Source Listing Status: Active
County: Upson
Directions: GPS
Tax Year: 2023
Source Property Type: Residential Income
Source Neighborhood: West Residential
Owner Pays: Electricity, Sewer, Water
Parcel Number: T11 106
Subdivision: West Residential
Source System Name: C2C

YearAssessments
Building + Land
Total
Tax
2022$45,840 + $4,468
$50,308
$1,399
2021$38,460 + $4,468
$42,928
$1,223
2020$30,872 + $4,468
$35,340
$1,076
2019$19,386 + $2,614
$22,000
$698
2018$13,219 + $1,781
$15,000
$476
2017$24,528 + $3,575
$28,103
$982
2016$29,640 + $3,072
$32,712
$1,112
2015$29,640 + $3,575
$33,215
$1,121
2014$35,136 + $3,575
$38,711
$1,315
2013$34,848 + $3,575
$38,423
$1,312
2010$40,355 + $3,575
$43,930
$1,302
2009$40,355 + $3,575
$43,930
$1,302
2008$40,355 + $1,787
$42,142
$1,357
2007$40,355 + $1,787
$42,142
$1,300
2006$39,580 + $1,787
$41,367
$1,276

Listed 2024-02-26
$425,000
GeorgiaMLS
Sold 2018-07-26
$55,000
Public Record
Sold 2017-08-03
$37,500
GeorgiaMLS
Relisted 2017-07-10
$42,500
GeorgiaMLS
Listing removed 2017-07-01
$44,900
GeorgiaMLS
Price Changed 2017-06-09
$44,900
GeorgiaMLS
Relisted 2017-05-31
$49,900
GeorgiaMLS
Listing removed 2017-05-28
$49,900
GeorgiaMLS
Price Changed 2017-05-03
$49,900
GeorgiaMLS
Price Changed 2017-04-04
$55,900
GeorgiaMLS
Listed 2017-03-02
$61,500
GeorgiaMLS
Listing removed 2011-12-07
$159,900
GeorgiaMLS
Listing removed 2011-12-07
$149,900
GeorgiaMLS
Listing removed 2011-12-07
$139,900
GeorgiaMLS
Listed 2008-06-24
$149,900
GeorgiaMLS
Listed 2008-04-01
$159,900
GeorgiaMLS
Listed 2007-09-14
$139,900
GeorgiaMLS
Sold 1999-12-01
$86,000
Public Record

Operating Expense: 1750

Year Built: 1929
Construction Materials: Block, Brick
Levels: Two
Property Age: 95
Property Condition: Resale
Structure Type: Multi Family (5+ Units)

Sewer: Public Sewer
Electricity Billing Prorated
Sewer Connected
Water Billing Prorated
Water Source: Public
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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.