This property has sold.

Details: Multifamily

Asking Price: $900,000

Square Feet: 15,856 SF

Year Built: 1968

SOLD – Single Family Rental Home Portfolio

409 Watson St, Thomson, GA 30824

Marketing Description

The Palomar Group is pleased to present the opportunity to acquires a portfolio of 23 units in Thomson, GA. The portfolio is a combination of single family, duplexes and quadplex residences. Currently, the average rent is $505, which is below the market average in Thomson. All units are separately metered and the tenants are responsible for utilities. These properties are currently 91% occupied, with the in-place income allowing the investor to realize cash flow immediately.


Investment Highlights

  • Substantial value add opportunity
  • Tenants paying utilities
  • 91% occupied
  • 15 buildings and 23 units
  • Great in place cash flow
  • Below market rents

This property has sold.