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$499,000   Price Analysis
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354 S Main St
Thomaston, GA 30286
Unknown bed None bath unknown SqFt ($0/SqFt)
0.26 acre lot. Built 1900
Listed 2024-02-26, Taxes $1,535
USDA Eligible
near Thomaston, GA
 

CALLING ALL INVESTORS.

Great Cash Flow opportunity available near down town Thomaston Ga. 354 South Main St has 12 separat e units this includes the main hme with shared Kitchen, Laundry and all 4 Bathrooms that have been remolded.

This property offers a NOI of $50, 100 per year. Giving you as an investor a 10 % Cap Rate. The property has recently had a new roof, Brand new HVAC, All New Wiring and renovated/tiled bathrooms installed. Leases, Leaders and Inventory list will be provided during Due diligence.


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

Property MLS #10258229 from GeorgiaMLS

Laundry Facilities: Common Area, In Unit

Cooling Features: Central Air
Heating Features: Central

Lot Size Acres: 0.26
Lot Size Square Feet: 11326

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 1.1 miles away.
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Upson-Lee North Elementary School is a public elementary school located approximately 1.2 miles away.
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Upson-Lee High School is a public high school located approximately 1.6 miles away.
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Covenant Christian Academy is a private elementary and middle school located approximately 1.2 miles away.
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Gross Income: 5850

Number of Units: 10

Annual Tax Amount: 2120.17
Source Listing Status: Active
County: Upson
Directions: GPS
Tax Year: 2023
Source Property Type: Residential Income
Source Neighborhood: Thomaston Cotton Mill
Owner Pays: Electricity, Gas, Sewer, Water
Parcel Number: T30 138
Subdivision: Thomaston Cotton Mill
Source System Name: C2C

YearAssessments
Building + Land
Total
Tax
2022$53,279 + $1,931
$55,210
$1,535
2021$11,169 + $831
$12,000
$342
2020$19,472 + $1,931
$21,403
$652
2019$17,647 + $3,862
$21,509
$683
2018$22,353 + $3,862
$26,216
$833
2017$17,522 + $2,704
$20,226
$706
2016$21,312 + $2,897
$24,209
$860
2015$23,003 + $3,118
$26,121
$921
2014$23,003 + $3,118
$26,121
$923
2013$31,784 + $3,118
$34,902
$949
2010$38,220 + $3,118
$41,338
$1,001
2009$38,220 + $3,118
$41,338
$1,001
2008$38,220 + $3,118
$41,338
$756
2007$38,220 + $3,118
$41,338
$1,275
2006$38,220 + $3,118
$41,338
$1,275

Listed 2024-02-26
$499,000
GeorgiaMLS
Sold 2021-02-25
$76,000
GeorgiaMLS
Price Changed 2021-02-02
$89,000
GeorgiaMLS
Listed 2021-01-13
$95,000
GeorgiaMLS

Operating Expense: 1675

Year Built: 1900
Construction Materials: Aluminum Siding, Brick
Levels: Two
Property Age: 124
Property Condition: Resale
Structure Type: Multi Family (5+ Units)

Sewer: Public Sewer
Electricity Billing Prorated
Gas 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.