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303 E Lee Street

Thomaston, GA 30286
  • $435,000
  • STATUS: Active
  • ON SITE: 56 Days
  • MLS #: 20079312
UPDATED: 39 min ago
$435,000
  • 0
    BEDS
  • 0.44
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
N/A
Type:
Multi-Family
Built:
1969
County:
Area:

School Information

Elementary School:
Middle School:
High School:

Description

PLEASE DO NOT DISTURB RESIDENTS - SHOWINGS & INSPECTIONS WILL BE SCHEDULED AFTER THE PARTIES ARE UNDER CONTRACT. 5-unit townhome-style apartment complex located at the intersection of E Lee St and Oglethorpe Way. 4 units have 2 bedrooms and 1.5 bathrooms with galley kitchens. 1 unit has 3 bedrooms and 1.5 bathrooms with an eat in kitchen. Coin operated washer/dryer in utility building. Brick exterior. New Roof within last year. Cool carport for residents' use. Walk to park down the street. Each unit has a semi-private patio. Utilities paid by tenants individually, and each unit has its own meters (for water, electricity, and natural gas). This property is listed as a part of a portfolio. There is an existing first loan on the portfolio which is non-recourse and an attractive interest rate of 3.95% with a 10-year term. The loan is assumable with lender approval and payment of a 1% assumption fee (similar to origination fee) and the Buyer will want to assume the loan or otherwise will need to pay the applicable pre-payment premium. A Seller second loan is possible (with a minimum down payment of 35%) with terms to be negotiated by the parties. The other Listings are as follows: 784 Briarcliff Road, Atlanta, GA - MLS#384247 323 S. King Ave., Pine Mountain, GA - MLS#384229 506 N. 2nd Street, Lafayette, GA - MLS#384228 372 Grier Street, Macon, GA - MLS#384225 Total Portfolio Price = $3,985,000 and includes 5 properties and 36 units; Minimum Down Payment for Portfolio Acquisition = 35% = $1,394,750. Great Investment Opportunity for Turn-Key Rental Properties with Below Market Interest Rate and Non-Recourse Financing! Seller is happy to facilitate a Buyer's 1031 tax-deferred exchange so long as it does not create additional expenses or liability for Seller. Please contact listing agent for more details regarding the capital stack and possible sale structure.

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Georgia MLS logo© 2022 Georgia Multiple Listing Service, Inc. All rights reserved. The data relating to real estate for sale or lease on this web site comes in part from GAMLS. Real estate listings held by brokerage firms other than Kimberly Miller and Fabiola Mui | Keller Williams Realty Consultants are marked with the GAMLS logo or an abbreviated logo and detailed information about them includes the name of the listing broker. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by GAMLS or Kimberly Miller and Fabiola Mui | Keller Williams Realty Consultants. Data last updated: 2022-12-06T15:06:55.703.
www.realestatenorthgeorgia.com/homes/133827871
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303 E Lee Street Thomaston, GA 30286

  • Price: $435,000
  • Status: Active
  • On Site: 56 Days
  • Updated: 39 min ago
  • MLS #: 20079312
0
Beds
0
Baths
0
½ Baths
0.44
Acres
1969
Built
Neighborhood:
N/A
County:
Upson
Area:
UPSON
Elementary School:
Upson-Lee
Middle School:
Upson Lee
High School:
Upson Lee
Property Description
PLEASE DO NOT DISTURB RESIDENTS - SHOWINGS & INSPECTIONS WILL BE SCHEDULED AFTER THE PARTIES ARE UNDER CONTRACT. 5-unit townhome-style apartment complex located at the intersection of E Lee St and Oglethorpe Way. 4 units have 2 bedrooms and 1.5 bathrooms with galley kitchens. 1 unit has 3 bedrooms and 1.5 bathrooms with an eat in kitchen. Coin operated washer/dryer in utility building. Brick exterior. New Roof within last year. Cool carport for residents' use. Walk to park down the street. Each unit has a semi-private patio. Utilities paid by tenants individually, and each unit has its own meters (for water, electricity, and natural gas). This property is listed as a part of a portfolio. There is an existing first loan on the portfolio which is non-recourse and an attractive interest rate of 3.95% with a 10-year term. The loan is assumable with lender approval and payment of a 1% assumption fee (similar to origination fee) and the Buyer will want to assume the loan or otherwise will need to pay the applicable pre-payment premium. A Seller second loan is possible (with a minimum down payment of 35%) with terms to be negotiated by the parties. The other Listings are as follows: 784 Briarcliff Road, Atlanta, GA - MLS#384247 323 S. King Ave., Pine Mountain, GA - MLS#384229 506 N. 2nd Street, Lafayette, GA - MLS#384228 372 Grier Street, Macon, GA - MLS#384225 Total Portfolio Price = $3,985,000 and includes 5 properties and 36 units; Minimum Down Payment for Portfolio Acquisition = 35% = $1,394,750. Great Investment Opportunity for Turn-Key Rental Properties with Below Market Interest Rate and Non-Recourse Financing! Seller is happy to facilitate a Buyer's 1031 tax-deferred exchange so long as it does not create additional expenses or liability for Seller. Please contact listing agent for more details regarding the capital stack and possible sale structure.
Exterior Features

Attached Garage YN No Carport YN Yes Construction Materials Brick Levels Two Lot Size Area 19166.4 Lot Size Source Public Records Lot Size Units Square Feet Parking Features CarportDetached

Interior Features

Above Grade Finished Area Units Square Feet Basement Crawl Space Below Grade Finished Area Units Square Feet Building Area Units Square Feet Cooling Central Air Cooling YN Yes Fireplace YN No Fireplaces Total 0 Heating Central Heating YN Yes Living Area Units Square Feet

Property Features

Association Fee Includes Other Association YN Yes Community Features None New Construction YN No Property Condition Resale Property Sub Type Multi Family Sewer Public Sewer Structure Type Multi Family Tax Annual Amount 3938.93 Tax Year 2021 Utilities Electricity Individual Meters Water Source Public

GAMLS logo Listing provided courtesy of Realpros Real Estate: 678-527-2270. © 2022 Georgia Multiple Listing Service, Inc. All rights reserved. Information Deemed Reliable But Not Guaranteed.


Georgia MLS logo© 2022 Georgia Multiple Listing Service, Inc. All rights reserved. The data relating to real estate for sale or lease on this web site comes in part from GAMLS. Real estate listings held by brokerage firms other than Kimberly Miller and Fabiola Mui | Keller Williams Realty Consultants are marked with the GAMLS logo or an abbreviated logo and detailed information about them includes the name of the listing broker. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by GAMLS or Kimberly Miller and Fabiola Mui | Keller Williams Realty Consultants. Data last updated: 2022-12-06T15:06:55.703.
 
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