DEALS

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