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    8373 Thomas Rd

    Jonesboro, GA 30238
    • $2,150,000
    • STATUS: Active
    • ON SITE: 62 days
    • MLS #: 8828383
    UPDATED: 32 min ago
    $2,150,000
    • 0
      BEDS
    • 1.9
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Multi-Family
    Built:
    2001
    County:
    Area:

    School Information

    Elementary School:
    Middle School:
    High School:

    Description

    16 UNITS Built in 2001, this property has an advantageous unit mix (ALL 3/2) to push average rents even further. Located between Fayetteville and Riverdale to the North and South, the property is minutes away from 2 major retail/entertainment corridors that have all the major big box chains (Walmart, Target, Home Depot, Kroger, etc). Additionally, the property is wedged between the biggest Industrial corridors in the Southeast with over 196 Million SF of space along 85/75 (10-20 mins away) with leases signed by FedEx, Amazon, and XPO Logistics. As of July 25th, the property is 100% occupied with 100% of Rent Collected for the month. New ownership can take advantage of 5 units that remain in classic condition, and additional value add opportunities like W/D sets (all units have connections) and storage space charges (currently given free). 6.5% Cap on in place numbers

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    © 2020 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 EXP Georgia 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 EXP Georgia. Data last updated: 2020-09-27T06:51:38.743.
    www.southatlantaliving.com/homes/108252123
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    8373 Thomas Rd Jonesboro, GA 30238

    • Price: $2,150,000
    • Status: Active
    • Updated: 32 min ago
    • MLS #: 8828383
    0
    Beds
    0
    Baths
    0
    ½ Baths
    1.9
    Acres
    2001
    Built
    Neighborhood:
    Villas At Thomas Road
    County:
    Clayton
    Area:
    CLAYTON
    Elementary School:
    Pointe South
    Middle School:
    Pointe South
    High School:
    Riverdale
    Property Description
    16 UNITS Built in 2001, this property has an advantageous unit mix (ALL 3/2) to push average rents even further. Located between Fayetteville and Riverdale to the North and South, the property is minutes away from 2 major retail/entertainment corridors that have all the major big box chains (Walmart, Target, Home Depot, Kroger, etc). Additionally, the property is wedged between the biggest Industrial corridors in the Southeast with over 196 Million SF of space along 85/75 (10-20 mins away) with leases signed by FedEx, Amazon, and XPO Logistics. As of July 25th, the property is 100% occupied with 100% of Rent Collected for the month. New ownership can take advantage of 5 units that remain in classic condition, and additional value add opportunities like W/D sets (all units have connections) and storage space charges (currently given free). 6.5% Cap on in place numbers
    Exterior Features

    Construction Stucco UnspecifiedWood Siding Parking Off StreetParking PadStorage

    Interior Features

    Cooling Source Electric Cooling Type Ceiling FanCentralHeat Pump Energy Related Water Heater-Electric Heating Source Electric Heating Type CentralHeat Pump Laundry Mf Hookups In Unit Stories 2 Stories Total Fireplaces 0 Total Units 16

    Property Features

    Acreage Source Owner/Seller Amenities SidewalksStreet LightsUnderground UtilitiesWalk To Schools Annual Gross Income 204480 Construction Status Resale Date Of Possession At Closing Fees Include Exterior MaintenanceGarbage PickupPest Control/TermiteSewerWater Multi Type Apartments (5+ Units) Possible Financing CashConventional Property Class Multifamily Sale Or Rent For Sale Special Conditions Agent/Seller RelationshipAs IsRecently Renovated Tax Year 2020 Taxes 12600 Water Sewer Public WaterSewer ConnectedSewer In Street

    Listing provided courtesy of Chapman Hall Realtors. © 2020 Georgia Multiple Listing Service, Inc. All rights reserved. Information Deemed Reliable But Not Guaranteed.


    © 2020 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 EXP Georgia 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 EXP Georgia. Data last updated: 2020-09-27T06:51:38.743.
     
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    EXP Georgia
    103 Westpark Dr, Suite A
    Peachtree City GA, 30269