172 Pallet Mill Road
$210,000
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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].
- Listed by THE POTTS TEAM • RE/MAX SOUTHERN
Property Details for 172 Pallet Mill Road
Subdivision
None
Fees IncludeNone
ParkingDetached
LISTING UPDATED: 03/27/2024 02:03 PM
Property Details for 172 Pallet Mill Road
Status | Active |
---|---|
MLS # | 10265044 |
Days on Market | 247 |
Taxes | $1,241 / year |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Residential Income / House |
Year Built | 1984 |
Lot Size | 9.00 AC / 392,040 SF |
County | Upson County |
Building Information for 172 Pallet Mill Road
Stories1Residences5Year Built1984Building Size-Lot Size9.00 AC / 392,040 SF
Property Information for 172 Pallet Mill Road
Public Records for 172 Pallet Mill Road
Taxable ValueLand$25,319Additions$25,571Total$50,890
Tax Record2023$1,319 ($110 / month)
Home Facts
Baths4Total Finished SqFt1,746 SqFtAbove Grade Finished SqFt1,746 SqFtStories1Lot Size695,653 SqFtStyleMobile / Manufactured HomeYear Built1991ZoningARCountyUPSONAPN035-006
Schools near 172 Pallet Mill Road
This home is within Thomaston-Upson County School District.
Rating | School | Type | Grades | Distance |
---|---|---|---|---|
Public - | PK to 2 | |||
Public - | 3 to 5 | |||
Public - | 6 to 8 | |||
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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