The Project-Based Section 8 Property Thomasville Church Homes offers the investor an opportunity to acquire a High Reac Scoring property with a renewed HAP Contract till 2033. Thomasville Church Homes has excellent upside potential acquiring a stabilized Project-Based property with a 94-95% Average Occupancy Rate Year Around. NOI of $422,400 as of October 2018 giving this a CAP Rate of 7.68%, 2018 AFS is currently being generated and will be sent with a LOI or Written Offer. Current Owners are selling due to reallocation of capital to purchase an already identified Commercial Property. Current Property Leasing Manager and Maintenance is willing to stay on with the new owner. Property is priced for a long-term stabilized investment, tours will only be allowed with an acceptable LOI before confirming tour date.

Built: 1970

Units: 100

Occupancy: 94%

The Property is For Sale

Asking Price: $5,500,000

Building Size: 104,063 SQ FT

Lot Size: 418612

Cost per Square Foot: $52.85

Waller Group LLC
904 Doak Street
Thomasville, North Carolina 27360
United States

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Logan Waller