400 S Center St - Apartments FOR SALE


Thomaston, GA 30286
$1,050,000 USD
503-953-0085
400 S Center St, Thomaston, GA for Sale
$1,050,000 USD
Apartments - FOR SALE
1/18
null | Request Cap Rate

400 S Center St
Thomaston, GA 30286


HIGHLIGHTS

  • Well-Located 10-Unit Multifamily: Offered at $1,050,000 ($105,000/unit)
  • Turnkey, Stabilized Property: New roof and renovated interiors; limited near-term capital needs
  • Prime Walkable Location: Two blocks from Downtown Thomaston, close to retail, dining, and employment
  • Stabilized Operations: 100% occupancy. Consistent rental income from day one
  • Economic Upside: Rent increases available upon lease renewals
  • Strong Unit Mix: Eight 2-bed/2-bath and two 2-bed/1.5-bath units

OVERVIEW

- Well-Located 10-Unit Multifamily: Offered at $1,050,000 ($105,000/unit) - Turnkey, Stabilized Property: New roof and renovated interiors; limited near-term capital needs - Prime Walkable Location: Two blocks from Downtown Thomaston, close to retail, dining, and employment - Stabilized Operations:100% occupancy. Consistent rental income from day one - Economic Upside: Rent increases available upon lease renewals - Strong Unit Mix: Eight 2-bed/2-bath and two 2-bed/1.5-bath units - Low-Maintenance Profile: Modernized systems and finishes for predictable ownership - Individually Metered Units: Tenant paid water and electricity bills reduces owner expenses

FOR SALE DETAILS

PRICE

$1,050,000 USD

PRICE/SF

$92 USD /SF

# OF UNITS

10

PRICE/UNIT

$105,000

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

400 South Center Street

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1987

PARKING SPACES

20

LAND DETAILS

LAND ACRES

0.5 AC

LAND SF

21,780 SF

ZONING

C1

APN/PARCEL ID

T22-126

ASK ABOUT THIS PROPERTY

Harold ShepardMarcus & MillichapMore Info
503-953-0085

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Harold ShepardMarcus & MillichapMore Info
503-953-0085

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.