See all 28 photos

Listed by John C. Lantz • Realty Hub of Georgia, LLC

$465,000

Est. payment - /mo

Save

0.44 Acres Lot

Under Contract

303 E Lee ST Thomaston, GA 30286

Save

In-PersonVirtual Tour

Priscilla Amanda Johnson

[email protected] +1(678) 755-9242

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

GET MORE INFORMATION

Priscilla Amanda Johnson

Broker | License ID: 360306

+1(678) 755-9242

QUICK SEARCH

There are 17 quick searches

Priscilla Amanda Johnson

303 E Lee ST Thomaston, GA 30286

Priscilla Amanda Johnson

Key Details

Location

Rooms

Interior

Exterior

Building

Schools

Others

GET MORE INFORMATION

Go tour this home

303 E Lee ST