8373 Thomas Rd - Apartments FOR SALE


Jonesboro, GA 30238
$3,000,000 USD
404-500-5800
8373 Thomas Rd, Jonesboro, GA for Sale
$3,000,000 USD
Apartments - FOR SALE
1/26
null | 5.22% Cap Rate

8373 Thomas Rd
Jonesboro, GA 30238


HIGHLIGHTS

  • Investment - Value Add Opportunity
  • Assumable Debt $1.49MM, 3.22%
  • Strong 87.5% occupancy rate

OVERVIEW

Introducing The Villas at Thomas Road This 16-unit multifamily property in Jonesboro, GA, is a prime investment opportunity in the heart of Atlanta. Built in 2001 with half the units recently renovated in 2023, this well-maintained asset offers a compelling blend of modernity and durability. Key Features: Strong Performance: Currently boasting an 87.5% occupancy rate, this property demonstrates its appeal to tenants. Prime Location: Situated in a sought-after area for multifamily properties, the location offers a balance of city convenience and suburban tranquility. Nearby Amenities: Residents have easy access to Southlake Mall, Clayton State University, and Lake Spivey Golf Club, providing ample shopping, entertainment, and recreational options. Excellent Connectivity: Proximity to major highways and public transportation ensures easy commuting and urban exploration. Investment Potential: With its strong occupancy rate, well-maintained facilities, and prime location in a thriving market, this property presents a solid investment opportunity with potential for continued growth. Don't miss the chance to add this standout asset to your portfolio and capitalize on the thriving Atlanta market.

FOR SALE DETAILS

PRICE

$3,000,000 USD

PRICE/SF

$163 USD /SF

# OF UNITS

16

PRICE/UNIT

$187,500

CAP RATE

5.22%

% LEASED

81%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

2001

PARKING SPACES

32

LAND DETAILS

LAND ACRES

1.96 AC

LAND SF

85,378 SF

ZONING

C

APN/PARCEL ID

13-0247C-00A-005

ASK ABOUT THIS PROPERTY

Matthew WilliamsBellStreetMore Info
404-500-5800

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Matthew WilliamsBellStreetMore Info
404-500-5800

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.