170 Westwood Dr
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170 Westwood Dr
24 Unit Apartment Building $3,047,560 CAD ($126,982 CAD/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 | $3,047,560 CAD | Building Class | C |
| Price Per Unit | $126,982 CAD | 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 | $3,047,560 CAD |
| Price Per Unit | $126,982 CAD |
| 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 | $744,703 CAD |
| Land Assessment | $19,127 CAD | Total Assessment | $763,830 CAD |
PROPERTY TAXES
Parcel Number
0T08A 00000 054 000
Land Assessment
$19,127 CAD
Improvements Assessment
$744,703 CAD
Total Assessment
$763,830 CAD
zoning
| Zoning Code | R2 |
| R2 |
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170 Westwood Dr
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