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2663 Thomas Ln
Augusta, GA 30906
The Regency · Multifamily Property For Sale
·
104 Units
INVESTMENT HIGHLIGHTS
- Onsite Management & Maintenance
- Hardwood-Style Flooring
- Full Size Wash/Dryer Connections
PROPERTY FACTS
| No. Units | 104 | Building Size | 168,028 SF |
| Property Type | Multifamily | Average Occupancy | 85% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Garden | Year Built/Renovated | 1978/2019 |
| Building Class | B | Parking Ratio | 1.86/1,000 SF |
| Lot Size | 9.82 AC | ||
| Zoning | R-3C - Residential | ||
| No. Units | 104 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | B |
| Lot Size | 9.82 AC |
| Building Size | 168,028 SF |
| Average Occupancy | 85% |
| No. Stories | 2 |
| Year Built/Renovated | 1978/2019 |
| Parking Ratio | 1.86/1,000 SF |
| Zoning | R-3C - Residential |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Balcony
- Cable Ready
- Dishwasher
- Washer/Dryer
- Washer/Dryer Hookup
- Ceiling Fans
- Tile Floors
- Granite Countertops
- Hardwood Floors
- Refrigerator
- Oven
- Tub/Shower
SITE AMENITIES
- Property Manager on Site
- Maintenance on site
ABOUT 2663 THOMAS LN , AUGUSTA, GA 30906
Thomas Ridge in Augusta, GA, is a Class-B multifamily asset built in 1978. The apartments consist of 104 units in 14 buildings totaling 110,900 SF The property has a diverse unit mix of (22) one-bedroom / one-bathroom units, (61) two-bedroom / two-bathroom units and (21) three-bedroom / two-bathroom units split between traditional and townhome layouts. Thomas Ridge is one of the few properties in the area offering 1, 2 and 3-bedroom floor plans. This property has been well maintained with a structured schedule of maintenance and renovations, including a mix of upgraded interiors with improvements to carpet/flooring and upgraded kitchens with granite counter tops. Ownership has also re-paved the parking lots, repaired sidewalks and decks, repaired stairways. Ownership has replaced windows and sliding doors in an as needed basis and removed several trees. An immediate value-add opportunity exists through finishing renovations completed in the remaining units and increasing rents to market levels. Additional value-add renovations can be implemented by continuing to improve the interiors, upgrading kitchen appliances, flooring and exterior curbside appeal. The property is surrounded by national and regional retailers. The Cherokee Shopping Center is just one mile away, additionally, the property is surrounded by McDonalds, Arby’s, Checkers, Little Caesars, Waffle House, AutoZone, BP, and Kia. Dominant industries in the area include cybersecurity, biotechnology, medicine and the military. This attractive investment opportunity is located two miles off Highway 20, the main highway traveling from Atlanta through Augusta to Columbia, South Carolina.
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 22 | - | 610 |
| 2+0 | 61 | - | 1,065 |
| 3+2 | 21 | - | 1,350 |
PROPERTY TAXES
| Parcel Number | 0852051000 | Improvements Assessment | $2,171,580 |
| Land Assessment | $39,440 | Total Assessment | $2,211,020 |
PROPERTY TAXES
