221 Avenue L

Description

Investor's dream in Thomaston! This duplex at 221-223 Avenue L (Legal Description is 221 Avenue L) offers 5 bedrooms, 3 bathrooms, and 2,690 square feet with tremendous fix-and-flip potential. Both units need full renovation, making this the ideal project for buyers looking to add value and maximize returns. Unit 221 features 3 bedrooms, 2 bathrooms, and a one-car garage. Unit 223, previously used as a storefront, includes 2 bedrooms and 1 bathroom and can be restored as a residential unit or reimagined as a live-work or commercial space. In addition to the garage, the property provides five outdoor parking spaces-an uncommon feature that complements its mixed-use potential. The spacious backyard includes an in-ground swimming pool ready to be revitalized as a standout amenity. Please note: the laundry room sustained fire damage and will require repair as part of the renovation. Priced at just $80,000, this property sits well below area averages, where homes in the 30286 district sell near $200,000 with strong growth. Renovated duplexes in the Thomaston market can command resale values in the $345,000-$399,000 range, and rental demand supports strong long-term income potential, with area rents averaging $1,400 per unit monthly. With limited duplex inventory available, this property presents a rare opportunity to create significant value whether you hold as a rental, resell after renovations, or reimagine both units for maximum ROI.