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Rollingwood Place Apartments - LIHTC Property 500 Mendel Ave 72 Unit Apartment Building For Sale Thomson, GA 30824
INVESTMENT HIGHLIGHTS
- LIHTC Property: GP Interest Sale
- Spacious units
- On-site business center, playground, and fitness center
- Strong occupancy (95%)
- Built 2016
EXECUTIVE SUMMARY
Marcus & Millichap is pleased to announce the GP interest being offered for sale for Rollingwood Apartments. This property was built in 2016 and is currently in the LIHTC compliance period and will be for the next 5 or so years. The property currently is running at 95% occupancy. Rollingwood Place is we located and just a short drive from many restaurants, medical services, grocery stores and businesses.
The City of Thomson GA is home to many manufacturing and distribution companies and the city itself has high demand for affordable housing such as Rollingwood Apartments. The 3-mile average household income is $59,683 and the 3-mile total population of 11,055.
The City of Thomson GA is home to many manufacturing and distribution companies and the city itself has high demand for affordable housing such as Rollingwood Apartments. The 3-mile average household income is $59,683 and the 3-mile total population of 11,055.
PROPERTY FACTS
| Sale Type | Investment | Lot Size | 9.97 AC |
| No. Units | 72 | Building Size | 44,400 SF |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built | 2016 |
| Apartment Style | Garden | Opportunity Zone |
Yes
|
| Building Class | B | ||
| Zoning | B1 | ||
| Sale Type | Investment |
| No. Units | 72 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | B |
| Lot Size | 9.97 AC |
| Building Size | 44,400 SF |
| No. Stories | 2 |
| Year Built | 2016 |
| Opportunity Zone |
Yes |
| Zoning | B1 |
AMENITIES
UNIT AMENITIES
- Microwave
- Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
- Freezer
SITE AMENITIES
- 24 Hour Access
- Controlled Access
- Clubhouse
- Fitness Center
- Playground
- Walk-Up
- Smoke Detector
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 15 | - | 738 |
| 2+2 | 15 | - | 971 |
| 3+2 | 15 | - | 1,251 |
1 1
PROPERTY TAXES
| Parcel Number | 0T210 00000 012 E00 | Improvements Assessment | $2,160,369 |
| Land Assessment | $39,631 | Total Assessment | $2,200,000 |
PROPERTY TAXES
Parcel Number
0T210 00000 012 E00
Land Assessment
$39,631
Improvements Assessment
$2,160,369
Total Assessment
$2,200,000
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Rollingwood Place Apartments - LIHTC Property | 500 Mendel Ave
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