Deals
35 Unit Multifamily Portfolio – Augusta MSA
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.
106 White Oak Exd, Thomson, GA 30824
208 Watson St, Thomson, GA 30824
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