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Seymour West 170 Westwood Dr 24 Unit Apartment Building $2,150,000 ($89,583/Unit) Thomson, GA 30824
Investment Highlights
- 24 units - Fully Leased
- Low maintenance
- Unit mix- 16 2 BD/2BA, 4 - 2 BED/1.5 BA, 4 1BD/1BA
- Great location
Executive Summary
Meybohm Commercial is proud to exclusively present, Seymour West, 24-unit multifamily investment opportunity, 100% occupied, located in Thomson, Georgia, just 35 miles west of Augusta. This asset offers immediate cash flow with a strong occupancy history and a diverse unit mix that appeals to a broad tenant base.
The community consists of 3 buildings with 16 two-bedroom, 2 bath units, 4 two-bedroom, 1.5 bath units, and 4 one-bedroom, one-bath units. Several units have been updated, providing an attractive living environment for residents while reducing future capital improvement needs.
Current rents range from $725 to $1,000 per month, generating $20,450 in monthly rental income, with the added benefit of additional monthly revenue from the community laundry facility featuring shared washer and dryer units. Property is currently managed by a local management company.
Conveniently located near Interstate 20 and close to downtown Thomson, the property offers a desirable location for those who live and work in the area or who maybe traveling to Augusta, Fort Gordon, and surrounding employment centers. The combination of stable occupancy, multiple income streams, and continued rental demand makes Seymour West Apartments an excellent opportunity for investors seeking reliable cash flow and long-term appreciation.
The community consists of 3 buildings with 16 two-bedroom, 2 bath units, 4 two-bedroom, 1.5 bath units, and 4 one-bedroom, one-bath units. Several units have been updated, providing an attractive living environment for residents while reducing future capital improvement needs.
Current rents range from $725 to $1,000 per month, generating $20,450 in monthly rental income, with the added benefit of additional monthly revenue from the community laundry facility featuring shared washer and dryer units. Property is currently managed by a local management company.
Conveniently located near Interstate 20 and close to downtown Thomson, the property offers a desirable location for those who live and work in the area or who maybe traveling to Augusta, Fort Gordon, and surrounding employment centers. The combination of stable occupancy, multiple income streams, and continued rental demand makes Seymour West Apartments an excellent opportunity for investors seeking reliable cash flow and long-term appreciation.
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 |
| No. Units | 24 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built | 1991 |
| Apartment Style | Low-Rise | Parking Ratio | 2.04/1,000 SF |
| Zoning | R2 | ||
| Price | $2,150,000 |
| Price Per Unit | $89,583 |
| Sale Type | Investment |
| No. Units | 24 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 1.70 AC |
| Building Size | 21,586 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1991 |
| Parking Ratio | 2.04/1,000 SF |
| Zoning | R2 |
Amenities
Site Amenities
- 24 Hour Access
- Laundry Facilities
- Security System
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+2 | 16 | $900.00 | - |
| 2+1.5 | 4 | $837.50 | - |
| 1+1 | 4 | $737.50 | - |
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Somewhat walkable
30/100
Exceptionally drivable
100/100
Somewhat bikeable
20/100
Property Taxes
| Parcel Number | 0T08A 00000 054 000 | Improvements Assessment | $534,818 |
| Land Assessment | $14,008 | Total Assessment | $548,826 |
Property Taxes
Parcel Number
0T08A 00000 054 000
Land Assessment
$14,008
Improvements Assessment
$534,818
Total Assessment
$548,826
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Seymour West | 170 Westwood Dr