$ 465,000
303 E Lee ST Thomaston, GA 30286
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REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
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Listed by John C. Lantz • Realty Hub of Georgia, LLC
$ 465,000
Est. payment /mo
Under Contract
303 E Lee ST Thomaston, GA 30286
0.44 Acres Lot
UPDATED:
Key Details
Property Type Single Family Home
Listing Status Under Contract
Purchase Type For Sale
MLS Listing ID 10336411
Construction Status Resale
HOA Y/N No
Year Built 1969
Annual Tax Amount $4,367
Tax Year 2023
Lot Size 0.440 Acres
Property Description
PLEASE DO NOT DISTURB RESIDENTS - SHOWINGS & INSPECTIONS WILL BE SCHEDULED AFTER THE PARTIES ARE UNDER CONTRACT - PLEASE DO NOT VISIT THE PROPERTY WITHOUT AN APPOINTMENT. 5-unit townhome-style apartment complex located at the intersection of E Lee St and Oglethorpe Way. 4 units have 2 bedrooms and 1.5 bathrooms with galley kitchens. 1 unit has 3 bedrooms and 1.5 bathrooms with an eat in kitchen. Coin operated washer/dryer in utility building. Brick exterior. Rent New Roof. Cool carport for residents' use. Walk to park down the street. Each unit has a semi-private patio. Utilities paid by tenants individually, and each unit has its own meters (for water, electricity, and natural gas). This property is listed as a part of a portfolio. There is an existing first loan on the portfolio which is non-recourse and an attractive interest rate of 3.95% with a 10-year term. The loan is assumable with lender approval and payment of a 1% assumption fee (similar to origination fee) and the Buyer will want to assume the loan or otherwise will need to pay the applicable pre-payment premium. A Seller second loan is possible (with a minimum down payment of 35%) with terms to be negotiated by the parties. The other Listings are as follows: 784 Briarcliff Road, Atlanta, GA GaMLS#10336429; 323 S. King Ave., Pine Mountain, GA GaMLS#10336421; 506 N. 2nd Street, Lafayette, GA GaMLS#10336438; 372 Grier Street, Macon, GA GaMLS#10336401. Total Portfolio Price = $4,385,000 and includes 5 properties and 36 units; Minimum Down Payment for Portfolio Acquisition = 35% = $1,534,750. Great Investment Opportunity for Turn-Key Rental Properties with Below Market Interest Rate and Non-Recourse Financing! Seller is happy to facilitate a Buyer's 1031 tax-deferred exchange so long as it does not create additional expenses or liability for Seller. Please contact listing agent for more details regarding the capital stack and possible sale structure. It may be possible to purchase this Property separate from the Portfolio. Please contact listing agent for details. Thank you for looking.
Location
State GA
County Upson
Rooms
Basement Crawl Space
Interior
Heating Natural Gas
Cooling Central Air
Exterior
Garage Off Street
Community Features None
Utilities Available Electricity Individual Meters
Building
Story Two
Sewer Public Sewer
Level or Stories Two
Construction Status Resale
Schools
Elementary Schools Upson-Lee
Middle Schools Upson Lee
High Schools Upson Lee
Others
Acceptable Financing Owner 1st
Listing Terms Owner 1st
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