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Seymour West

Thomson, GA, 30824

$2,150,000

Sale Price

For Sale

Property Details

Sale Price$2,150,000

Year Built1991

Property TypeMultifamily

Building Size21,586 SF

Highlights

24 units
Fully leased
Updates have been done to units
Landry room with additional monthly income
Low maintenance
Close proximity to I20 and Augusta

Property Description

Meybohm Commercial is proud to exclusively present Seymour West Apartments, a fully stabilized 24-unit multifamily investment opportunity located in Thomson, Georgia, just 35 miles west of Augusta. The property is 100% occupied, professionally managed, and generates $20,450 in monthly rental income, providing investors with immediate, stable cash flow from day one. The community consists of three apartment buildings featuring 16 two-bedroom, two-bath units, 4 two-bedroom, one-and-a-half-bath units, and 4 one-bedroom, one-bath units. Several units have been updated, enhancing tenant appeal while reducing future capital improvement needs. Current rents range from $725 to $1,000 per month, with additional monthly income generated through the on-site community laundry facility. Current rents also provide an opportunity for future revenue growth as additional units are updated and rental rates are brought closer to market levels. Ideally located just minutes from Interstate 20 and downtown Thomson, Seymour West offers convenient access to Augusta, Fort Eisenhower, Thomson-McDuffie Regional Medical Center, and numerous regional employers. The property's strategic location, diverse unit mix, and strong rental demand have contributed to consistent occupancy, making it an excellent opportunity for investors seeking dependable cash flow with additional upside potential.