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400 South Center Street 400 S Center St 10 Unit Apartment Building $1,100,000 ($110,000/Unit) 8.08% Cap Rate Thomaston, GA 30286
Investment Highlights
- Well-Located 10-Unit Multifamily: Offered at $1,100,000 ($110,000/unit)
- Prime Walkable Location: Two blocks from Downtown Thomaston, close to retail, dining, and employment
- Economic Upside: Rent increases available upon lease renewals
- Turnkey, Stabilized Property: New roof and renovated interiors; limited near-term capital needs
- Stabilized Operations: Pending 100% occupancy by 2/1/2026. Consistent rental income from day one
- Strong Unit Mix: Eight 2-bed/2-bath and two 2-bed/1.5-bath units
Executive Summary
- Well-Located 10-Unit Multifamily: Offered at $1,100,000 ($110,000/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: Pending 100% occupancy by 2/1/2026. 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
- 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: Pending 100% occupancy by 2/1/2026. 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
Property Facts
| Price | $1,100,000 | Building Class | C |
| Price Per Unit | $110,000 | Lot Size | 0.50 AC |
| Sale Type | Investment | Building Size | 11,378 SF |
| Cap Rate | 8.08% | No. Stories | 2 |
| No. Units | 10 | Year Built | 1987 |
| Property Type | Multifamily | Parking Ratio | 2/1,000 SF |
| Property Subtype | Apartment | ||
| Zoning | C1 - Commercial zoning | ||
| Price | $1,100,000 |
| Price Per Unit | $110,000 |
| Sale Type | Investment |
| Cap Rate | 8.08% |
| No. Units | 10 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | C |
| Lot Size | 0.50 AC |
| Building Size | 11,378 SF |
| No. Stories | 2 |
| Year Built | 1987 |
| Parking Ratio | 2/1,000 SF |
| Zoning | C1 - Commercial zoning |
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Property Taxes
| Parcel Number | T22-126 | Improvements Assessment | $0 |
| Land Assessment | $13,076 | Total Assessment | $13,076 |
Property Taxes
Parcel Number
T22-126
Land Assessment
$13,076
Improvements Assessment
$0
Total Assessment
$13,076
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400 South Center Street | 400 S Center St
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