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Multifamily

Rollingwood Place Apartments

500 Mendel Ave, Thomson, GA 30824

Listing Price: $2,100,000

Cap Rate
7.24%
Number of Units
72
GRM
2.39
Price/Unit
$29,167
Price/Gross SF
$29.55
Gross SF
71,064

Investment Overview

Marcus & Millichap is pleased to announce the GP interest being offered for sale for Rollingwood Apartments. This property was built in 2016 and is currently in the LIHTC compliance period and will be for the next 5 or so years. The property currently is running at 95% occupancy. Rollingwood Place is located just a short drive from many restaurants, medical services, grocery stores and businesses.

The City of Thomson GA is home to many manufacturing and distribution companies and the city itself has high demand for affordable housing such as Rollingwood Apartments. The 3-mile average household income is $59,683 and the 3-mile total population of 11,055.

Investment Highlights

  • GP Interest Sale
  • Strong occupancy (95%)
  • Very large and spacious units
  • Built in 2016
  • On-site business center, playground, and fitness center

Exclusively Listed By

Financing By

Multifamily

Rollingwood Place Apartments

Listing Price: $2,100,000

Cap Rate
7.24%
Number of Units
72
GRM
2.39
Price/Unit
$29,167
Price/Gross SF
$29.55
Gross SF
71,064

Investment Highlights

  • GP Interest Sale
  • Strong occupancy (95%)
  • Very large and spacious units
  • Built in 2016
  • On-site business center, playground, and fitness center

Investment Overview

Marcus & Millichap is pleased to announce the GP interest being offered for sale for Rollingwood Apartments. This property was built in 2016 and is currently in the LIHTC compliance period and will be for the next 5 or so years. The property currently is running at 95% occupancy. Rollingwood Place is located just a short drive from many restaurants, medical services, grocery stores and businesses. The City of Thomson GA is home to many manufacturing and distribution companies and the city itself has high demand for affordable housing such as Rollingwood Apartments. The 3-mile average household income is $59,683 and the 3-mile total population of 11,055.

Exclusively Listed By

Financing By

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