172 Pallet Mill Road

172 Pallet Mill Road

Thomaston, GA 30286

$210,000
Price
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Beds
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a view of a sign board
a sign on the side of the road
a sign that is on the side of the road
a view of outdoor space and city view
an aerial view of a city
a sign that is sitting in the middle of a lake
a view of a sign board

Description

This property presents an attractive opportunity for investors or owner-occupants, featuring three apartment-style units (A-B-C) with a combined total of 1782 square feet, a single-family 1-bedroom tiny home spanning 488 square feet, and a 2-bedroom, 1-bath modular home totaling 972 square feet, all situated on 7 acres of land. The property generates a gross income of $2575, resulting in a net operating income (NOI) of $1925 per month or $23,100 per year, offering investors an enticing 11% capitalization...This property presents an attractive opportunity for investors or owner-occupants, featuring three apartment-style units (A-B-C) with a combined total of 1782 square feet, a single-family 1-bedroom tiny home spanning 488 square feet, and a 2-bedroom, 1-bath modular home totaling 972 square feet, all situated on 7 acres of land. The property generates a gross income of $2575, resulting in a net operating income (NOI) of $1925 per month or $23,100 per year, offering investors an enticing 11% capitalization rate (Cap Rate). Furthermore, the adjacent 22 acres are available for potential expansion, providing an opportunity to leverage passive income to cover mortgage expenses. During the due diligence process, all leases and leaders will be made available, ensuring transparency and clarity for prospective buyers. For more information on additional 22 acres, please refer to MLS # [10265048].
  1. Listed by THE POTTS TEAM • RE/MAX SOUTHERN

Property Details for 172 Pallet Mill Road

Subdivision
None
Fees Include
None
Parking
Detached

Location

Listing Courtesy of RE/MAX SOUTHERN, THE POTTS TEAM
Add your commute
LISTING UPDATED: 03/27/2024 02:03 PM

Property Details for 172 Pallet Mill Road

StatusActive
MLS #10265044
Days on Market55
Taxes$1,241 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income / House
Year Built1984
Lot Size9.00 AC / 392,040 SF
CountyUpson County

Location

Listing Courtesy of RE/MAX SOUTHERN, THE POTTS TEAM
Add your commute

Building Information for 172 Pallet Mill Road

Stories1Residences5Year Built1984Building Size-Lot Size9.00 AC / 392,040 SF

Payment Calculator

$1,249 per month

30 year fixed, 7.25% Interest

Principal and Interest

$1,146

Property Taxes

$103

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 172 Pallet Mill Road

Summary
Location and General Information
  • Elementary School: Upson-Lee
  • High School: Upson Lee
  • Middle School: Upson Lee
  • Amenities: None
  • Directions: GPS
Taxes and HOA
  • Association: No
  • Parcel Number: 035 006
Owner
  • Owner Pays: Water
Interior and Exterior Features
Interior Features
  • Total Fireplaces: 0
  • Basement Description: None
Property
Utilities
  • Cooling: Other, Window Unit(s)
  • Heating Type: Central, Other
  • Water/Sewer: Septic Tank
  • Utilities: Gas Billing Prorated
  • Water Source: Well
Property and Assessments
  • Tax Year: 2023
  • Construction: Vinyl Siding, Wood Siding
  • Stories: One
  • Property Condition: Resale
Lot Information
  • Structure: House, Other, Triplex
  • Foundation Details: Block, Slab
Multi Family
Multi-Family Information
  • Number Of Units Total: 5
  • Annual Gross Income: $2,575.00
  • Annual Operating Expense: $650.00
Unit 1
  • Unit Type Description: Triplex,Tiny Home and Mobile Home

Public Records for 172 Pallet Mill Road

Taxable ValueLand$16,712Additions$10,935Total$27,647
Tax Record2022$767 ($64 / month)
Home Facts
Baths4Total Finished SqFt1,746 SqFtAbove Grade Finished SqFt1,746 SqFtStories1Lot Size695,653 SqFtStyleMulti-Family Res (5+ Units)Year Built1984ZoningA-RCountyUPSONAPN035-006

Schools near 172 Pallet Mill Road

This home is within Thomaston-Upson County School District.
Rating
School
Type
Grades
Distance
Upson-Lee Primary School
Public - PK to 2
Upson-Lee North Elementary School
Public - 3 to 5
Upson-Lee Middle School
Public - 6 to 8
Upson-Lee High School
Public - 9 to 12
Rating
School
Distance
Upson-Lee Primary School
PublicPK to 2

Upson-Lee North Elementary School
Public3 to 5

Upson-Lee Middle School
Public6 to 8

Upson-Lee High School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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More information about 172 Pallet Mill Road, Thomaston, GA 30286

172 Pallet Mill Road is a multi-family home for sale in Thomaston, GA 30286. This property was listed for sale on March 11, 2024 by RE/MAX SOUTHERN, it's currently listed at $210,000. This listing's school district is Thomaston-Upson County School District. Nearby schools include Upson-Lee Primary School, Upson-Lee North Elementary School and Upson-Lee Middle School. 172 Pallet Mill Road is a 0-bed, 0-bath, multi-family home built in 1984.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of RE/MAX SOUTHERN, THE POTTS TEAM

Based on information from one of the following Multiple Listing Services:FMLS,FMLS_CS,GAMLS,Middle GA MLS,Columbus Board of REALTORS, Northeast Georgia Board of REALTORS.Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by FMLS,FMLS_CS,GAMLS, Middle GA MLS,Columbus Board of REALTORS, Northeast Georgia Board of REALTORS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.