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Multifamily

Dell Drive

604 Dell Dr, Thomson, GA 30824

Listing Price: $550,000

Cap Rate
7.32%
Occupancy
90.0%

Investment Overview

Dell Dr in Thomson, GA, is a Class-C multifamily asset built in 1985. The apartments consist of 20 units in 5 buildings totaling 21,600 Sq. Ft. The property has a complete unit type of (20) 2-Bedroom / 1 Bathroom units. These units are townhome style layouts which include washer & dryer connections. Ownership has also recently re-paved the parking lots which covers most of the parcel. An immediate value-add opportunity exists through finishing renovations and leasing the units. Additional value-add renovations can be implemented by continuing to improve the interiors, upgrading kitchen appliances, flooring, and exterior curbside appeal. Many tenants in the city of Thomson take the short commute to Augusta for work. This will allow Dell Drive to achieve higher-than-average rent with qualified tenants.

Investment Highlights

  • Short commute to large employers in Augusta, GA
  • Value-add opportunity
  • Large townhome style units
  • Newly paved parking lot
  • Full size washer/dryer connections

Exclusively Listed By

Listing Price: $550,000

Cap Rate
7.32%
Occupancy
90.0%

Investment Highlights

  • Short commute to large employers in Augusta, GA
  • Value-add opportunity
  • Large townhome style units
  • Newly paved parking lot
  • Full size washer/dryer connections

Investment Overview

Dell Dr in Thomson, GA, is a Class-C multifamily asset built in 1985. The apartments consist of 20 units in 5 buildings totaling 21,600 Sq. Ft. The property has a complete unit type of (20) 2-Bedroom / 1 Bathroom units. These units are townhome style layouts which include washer & dryer connections. Ownership has also recently re-paved the parking lots which covers most of the parcel. An immediate value-add opportunity exists through finishing renovations and leasing the units. Additional value-add renovations can be implemented by continuing to improve the interiors, upgrading kitchen appliances, flooring, and exterior curbside appeal. Many tenants in the city of Thomson take the short commute to Augusta for work. This will allow Dell Drive to achieve higher-than-average rent with qualified tenants.

Exclusively Listed By

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