THE OPPORTUNITY

The Palomar Group is proud to present White Oak and Watson in Thomson, GA.​ This thirty-five unit multifamily portfolio consists of one, two, three and four bedroom units.​ Currently, the average rent is $465, which is below the market average in Thomson.​ All units are separately metered and and the tenants are responsible for utilities.​ These properties are currently 100% occupied, with the in-place income allowing the investor to realize cash flow immediately.​

THE HIGHLIGHTS

• ​Substantial value add opportunity
• ​Tenants paying utilities
• ​100% occupied
• ​13 buildings and 35 units
• ​Great in place cash flow
• ​Below market rents

THE DEAL POINTS

• Asking Price: $975,000 ($27,857/unit)
• NOI: $83,485
• Cap Rate: 8.56%
• Acreage: 4.17
• Square Footage: 28,613 sf
• Units: 35
• Buildings: 13
• Average Current Rent: $465
• Occupancy: 100%
• Year Built: 1969/1972