Welcome to this charming fixer-upper in the heart of Thomaston, Georgia. This one-bedroom, one-bathroom home is a perfect investment opportunity for those looking to add value and create a cozy retreat. Currently tenant-occupied, this property has endless potential for renovation and modernization. With its prime location in Thomaston, you'll enjoy easy access to local amenities and a close-knit community atmosphere. Don't miss out on this exciting chance to transform this diamond in the rough. Schedule a showing today!
Single-Wide Modular Home. Owner Financing available for qualified buyer prospect.
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].
Calling all Investors. Welcome to the Lakes mobile home park in South Upson County. Situated on 16 acres, our park features 11 well-maintained mobile homes and two scenic ponds making it a welcoming community for new residents. The parks Net Operating Income (NOI) is $3,500 per month with average expenses around $900, resulting in a 10.5% Cap Rate. Lot#4 1965 CHAMPION CHESTNUT RIDGE 10x52 Lot #6 1964 PALM HARBOR HARBOR POINT 10x52 Lot #2 1961 CASA VILLA INC 10x52 Lot #8 1975 HORTON HMS 12x56 Lot #11 1965 FRANKLIN HOMES 10x48 Lot #1 1968 WICKES HOMES VALIANT 10x43 Lot #5 1958 MARLETTE HOMES 10X37 Lot #3 1958 REDMAN 10x48 Lot# 9 1970 CHAMPION CONCORD 12x62 Lot #7 1960 GENERAL UNKNOWN 10x43 All leases and leaders will be provided during due diligence period and please to not bother tenants. Property can be viewed during due diligence.
LING ALL INVESTORS. Great Cash Flow opportunity available near down town Thomaston Ga. 711 W Main St has 7 separate units that are 100% occupied. This includes the main home with shared Kitchen, Laundry, and bathrooms and unfitted basement. This property has an NOI $32,580 per year. Giving you as an investor a 9 % Cap Rate. The property has recently had a newer roof and New HVAC and has designated parking lot for all tenants. Leases, Leaders, and Inventory list will be provided during Due diligence.
CALLING ALL INVESTORS. Major 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.
Thomaston is located in Georgia. Thomaston, Georgia has a population of 9,665. Thomaston is less family-centric than the surrounding county with 13.83% of the households containing married families with children. The county average for households married with children is 22.96%.
The median household income in Thomaston, Georgia is $28,133. The median household income for the surrounding county is $43,257 compared to the national median of $69,021. The median age of people living in Thomaston is 34.3 years.
The average high temperature in July is 90 degrees, with an average low temperature in January of 31.7 degrees. The average rainfall is approximately 48.6 inches per year, with 0.3 inches of snow per year.