LIHTC-Compliance Apartment
For Sale
$2,100,000
500 Mendel Ave, Thomson, GA 30824
Built in 2016 and operating during the LIHTC compliance period, with current occupancy near capacity.
Property Size71,064 SF
Days on Market52
Property Features for 500 Mendel Ave
General Information
Standard status
Active
Size
71,064 SF
Property subtype
Multifamily
Occupancy
95%
Financials
Cap Rate
7.24%
Business Included
Yes
Amenities
GP Interest Sale
Strong occupancy (95%)
Very large and spacious units
Built in 2016
On-site business center, playground, and fitness center
Building Details
Building Size
71,064 SF
Year Built
2016
Units
72
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: Aug 8
Last Checked: Aug 11 at 4:39AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Atlanta Office
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
Current Use
Lease Details
95%
Occupancy
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
388
Businesses Nearby
Explore this area
Business Placement
Demographics for 30824, GA
16,832
Population
7,548
Households
2.2
Avg Household Size
42
Median Age
20%
College-Educated
87%
High-School Grad
191.7 sq mi
ZIP Area
88
Density / Sq Mi
$54,214
Median Household Income
$35,804
Median Earnings
$810
Median Rent
$158,500
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
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
