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Villas At THomas Road 8373 Thomas Rd 16 Unit Apartment Building $2,665,000 ($166,563/Unit) 6.71% Cap Rate Jonesboro, GA 30238
Investment Highlights
- 16 Units, Built in 2001
- Average Unit: ± 1,200 SF
- Current Avg Rent: $1,467 | Market Avg Rents: $1,600
- Gross Building Square Footage of ± 19,200 SF
- Current Occupancy: 100%
- Current Tax-Adjusted Cash-on-Cash Return: 6.19%
Executive Summary
Broker of Record
Maxx Bauman
License No. 451849 (GA)
(866) 889-0550
Matthews Real Estate Investment Services, Inc
1600 West End,
Ste. 1500 Nashville, TN 37203
Maxx Bauman
License No. 451849 (GA)
(866) 889-0550
Matthews Real Estate Investment Services, Inc
1600 West End,
Ste. 1500 Nashville, TN 37203
Property Facts
| Price | $2,665,000 | Apartment Style | Garden |
| Price Per Unit | $166,563 | Building Class | B |
| Sale Type | Investment | Lot Size | 1.96 AC |
| Cap Rate | 6.71% | Building Size | 19,200 SF |
| Gross Rent Multiplier | 9 | Average Occupancy | 100% |
| No. Units | 16 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 2001 |
| Property Subtype | Apartment | Parking Ratio | 1.67/1,000 SF |
| Zoning | C - Commercial - Residential property | ||
| Price | $2,665,000 |
| Price Per Unit | $166,563 |
| Sale Type | Investment |
| Cap Rate | 6.71% |
| Gross Rent Multiplier | 9 |
| No. Units | 16 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | B |
| Lot Size | 1.96 AC |
| Building Size | 19,200 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 2001 |
| Parking Ratio | 1.67/1,000 SF |
| Zoning | C - Commercial - Residential property |
Amenities
Unit Amenities
- Air Conditioning
- Balcony
- Cable Ready
- Dishwasher
- Microwave
- Storage Space
- Washer/Dryer Hookup
- Heating
- Ceiling Fans
- Kitchen
- Hardwood Floors
- Oven
- Stainless Steel Appliances
- Range
- Tub/Shower
- Walk-In Closets
- Carpet
- Deck
- Double Pane Windows
- Freezer
- Patio
Site Amenities
- Courtyard
- Fenced Lot
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 3+2 | 16 | - | 1,434 |
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Property Taxes
| Parcel Number | 13-0247C-00A-005 | Improvements Assessment | $14,880 |
| Land Assessment | $39,200 | Total Assessment | $54,080 |
Property Taxes
Parcel Number
13-0247C-00A-005
Land Assessment
$39,200
Improvements Assessment
$14,880
Total Assessment
$54,080
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Villas At THomas Road | 8373 Thomas Rd
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