170 Westwood Dr
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170 Westwood Dr
24 Unit Apartment Building $2,150,000 ($89,583/Unit) 6.80% Cap Rate Thomson, GA 30824
Investment Highlights
- Bring rents up to market. The current average rents are $700, which is 16% below the $825 average market rents.
- Add washer and dryers to each unit. There are washer/dryer hookups in each unit but no washer/dryer
- The landlord currently pays for water and trash. As leases renew, switch to tenants paying for water and trash. This could bring an additional $18,000
Executive Summary
24 units in Thomson, Georgia (Augusta MSA)
This is a well-maintained property that offers immediate cash flow
This is the closet workforce housing to the 2.8 Million SF Amazon Fulfillment Center in Appling that employs over 3,000 people
Owners recently invested over $20,000 to remove trees, fix gutters and clean up property
This is a well-maintained property that offers immediate cash flow
This is the closet workforce housing to the 2.8 Million SF Amazon Fulfillment Center in Appling that employs over 3,000 people
Owners recently invested over $20,000 to remove trees, fix gutters and clean up property
Data Room Click Here to Access
- Offering Memorandum
Property Facts
| Price | $2,150,000 | Building Class | C |
| Price Per Unit | $89,583 | Lot Size | 1.70 AC |
| Sale Type | Investment | Building Size | 21,586 SF |
| Cap Rate | 6.80% | Average Occupancy | 91% |
| No. Units | 24 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1991 |
| Property Subtype | Apartment | Parking Ratio | 2.04/1,000 SF |
| Apartment Style | Single Family Home |
| Price | $2,150,000 |
| Price Per Unit | $89,583 |
| Sale Type | Investment |
| Cap Rate | 6.80% |
| No. Units | 24 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Single Family Home |
| Building Class | C |
| Lot Size | 1.70 AC |
| Building Size | 21,586 SF |
| Average Occupancy | 91% |
| No. Stories | 2 |
| Year Built | 1991 |
| Parking Ratio | 2.04/1,000 SF |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+2 | 24 | - | - |
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PROPERTY TAXES
| Parcel Number | 0T08A 00000 054 000 | Improvements Assessment | $529,510 |
| Land Assessment | $13,600 | Total Assessment | $543,110 |
PROPERTY TAXES
Parcel Number
0T08A 00000 054 000
Land Assessment
$13,600
Improvements Assessment
$529,510
Total Assessment
$543,110
zoning
| Zoning Code | R2 |
| R2 |
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170 Westwood Dr
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