LIHTC-Compliance Apartment
500 Mendel Ave Thomson, GA 30824
For Sale
$2,100,000
Built in 2016 and operating during the LIHTC compliance period, with current occupancy near capacity.
Days on Market33
Property Features for 500 Mendel Ave
General Information
- Standard status
- Active
- Property subtype
- Multifamily
Listing Agency:
Atlanta Office
(678) 808-2715
Listed By:
Joe Mitchell · License #License(s): GA: 389970
(678) 808-2715
Source:
Marcusmillichap
Added: Jun 22
Changed: Jul 10
Last Checked: Jul 23 at 2:35AM
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Investment Insights
Based on property information with market context.
Rollingwood Apartments is a multifamily apartment community built in 2016 and currently within its LIHTC compliance period, which is expected to continue for the next five or so years. The property is being offered as a GP interest for sale. At present, the community is operating at approximately 95% occupancy, reflecting a stabilized rental position during the compliance term.
Rollingwood Place is located in Thomson, Georgia, just a short drive from restaurants, medical services, grocery stores, and other everyday businesses. The City of Thomson is home to manufacturing and distribution companies, and the area has a demonstrated need for affordable housing, aligning with the property’s LIHTC structure. For context, the 3-mile area shows an average household income of $59,683 and a total population of 11,055.
This offering is best suited for buyers and operators who are specifically looking to acquire an LIHTC-in-place apartment community during the active compliance period. With recent construction age, ongoing compliance requirements, and current near-fully-occupied performance, it provides a clear path for qualified investors to underwrite a properly structured affordable housing asset.
Rollingwood Place is located in Thomson, Georgia, just a short drive from restaurants, medical services, grocery stores, and other everyday businesses. The City of Thomson is home to manufacturing and distribution companies, and the area has a demonstrated need for affordable housing, aligning with the property’s LIHTC structure. For context, the 3-mile area shows an average household income of $59,683 and a total population of 11,055.
This offering is best suited for buyers and operators who are specifically looking to acquire an LIHTC-in-place apartment community during the active compliance period. With recent construction age, ongoing compliance requirements, and current near-fully-occupied performance, it provides a clear path for qualified investors to underwrite a properly structured affordable housing asset.
Key Highlights
- Built in 2016
- Operating during the LIHTC compliance period and will remain in compliance for the next 5 or so years
- Currently running at 95% occupancy
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Apartment buildings
FAQs
What type of property is this?
Apartment building - Built in 2016 and operating during the LIHTC compliance period, with current occupancy near capacity.
Where is this apartment building located?
The property is located at 500 Mendel Ave Thomson, GA.
What is the asking price?
The asking price for this property is $2,100,000.
What are key features of this property?
This property features: Built in 2016; Operating during the LIHTC compliance period and will remain in compliance for the next 5 or so years; Currently running at 95% occupancy
