This property has sold.

Details: Multifamily

Asking Price: $2,350,000

Square Feet: 28,613 SF

Asking Cap Rate: 8.65%

Year Built: 1969

Year Renovated: 2022

NOI: $203,290

SOLD – 35 Unit Multifamily Portfolio

106 White Oak Exd, Thomson, GA

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 $887, which is 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
  • Owner has invested over $600,000 in Capex over the past year and a half
  • Tenants paying utilities
  • 100% occupied
  • 13 buildings and 35 units
  • Great in place cash flow
  • Below market rents

This property has sold.