For Sale
$620,000

5609 Murray Ave Thomson, GA 30824

Six fully leased single-family homes

Overview

Added:
Dec 11, 2024
Days on market:
138
This exceptional value-add investment opportunity consists of six fully leased single-family homes totaling 8,103 square feet, situated on 2.43 acres of land in Thomson and Warrenton, Georgia. The portfolio comprises three single-family homes and three modular homes, offering a diverse mix of housing options. Currently generating a monthly income of $5,200 with a 100% occupancy rate, this property boasts a strong 8.31% cap rate and a net operating income (NOI) of $51,509. The asking price is $620,000, translating to $76.51 per square foot and $103,333.33 per unit. The properties are conveniently located, with four in Thomson (McDuffie County) and two in Warrenton (Warren County), offering easy access to I-20 and Augusta, Georgia (approximately 40 miles away). Tenants are on month-to-month leases, and the property is currently self-managed, presenting a significant opportunity for increased rental income through strategic rent adjustments upon lease turnover. The low controllable expenses, with tenants responsible for utilities and landscaping, further enhance the investment's attractiveness. This portfolio presents a compelling opportunity for investors seeking stable cash flow and long-term growth potential in thriving rental markets.

Highlights

  • Fully leased, generating $5,200 monthly rent.
  • 2.43-acre land parcel.
  • Six residential units: three single-family homes and three modular homes.
  • Month-to-month tenant leases.
  • Rental income growth potential.
  • Value-add opportunity.

Property Details for 5609 Murray Ave

Property type
Residential income homes
Square Feet
8,103 SF
Buildings
6
Stories
1
Lot Size (sq. ft)
105,851 SF
Units
6

Location Insight

City
Thomson
County
McDuffie
State
Georgia
Latitude
33.625590991914
Longitude
-82.476640933975

FAQs

What type of property is this?
Residential income home - Six fully leased single-family homes
Where is the residential income home located?
The property is located at 5609 Murray Ave Thomson, GA.
What is the asking price?
The asking price for this property is $620,000.
What are key features of this property?
This property features: Fully leased, generating $5,200 monthly rent.; 2.43-acre land parcel.; Six residential units: three single-family homes and three modular homes.
How can I contact the broker?
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5609 Murray Ave
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