Available For Sale - Multifamily

3,466 SF | Show Pricing $

LISTED BY

Jonathan Aceves CCIM MBA
Meybohm Commercial Properties,

AVAILABILITY DETAILS

Size
3,466 SF
Price/SF
Show Pricing $
Listing ID
SA530961
Notes
The Finem Group at Meybohm Commercial is proud to exclusively present this multi-family value-added opportunity.



The subject property is made up of 2 houses and 2 duplexes for a total of 6 existing units. All 6 units are occupied. The property sits on over .41 acres of land with previous plans to develop 2 more duplexes (4 more units) for a total potential of 10 units after development. The property is currently zoned R-3 (Residential lots) which allows for multi-family.



The existing units are all in decent condition; one house is 3 bedroom/1 bathroom, one house is 2/1 and the four duplexes are all 1/1. The rent for the units currently ranges from $750 - $1050. In the last two years the roofs on three of the units have been replaced along with the fourth roof being replaced in January of 2024.



Coupled together, the potential for increased rents and the development potential of the four extra units make for an excellent value-added opportunity. In total, the property allows for in-place cash flow to help supplement the construction costs of building the additional units.



The property is in the heart of Downtown Augusta, GA. Only a few minutes from the Convention Center and major businesses, this property is well situated with neighboring businesses like TaxSlayer, the Georgia Cyber Center, The Riverfront Building, Unisys, and Powerserve, and is located in Augusta's Tech Corridor. The property is surrounded by dining, shopping, and entertainment options and is within walking distance of the Marriott Hotel at the Riverwalk on the Savannah River or check out the Hyatt House, downtown's newest hotel just two blocks from Lafayette Square.



The Augusta National Golf Course is a few miles away, or take a trip over the Savannah River to downtown North Augusta, across the 13th Street bridge, to the new SRP Park. It will take about 24 minutes to get to Gate 1 at Fort Gordon.
Uses
Multifamily

This information has been obtained from sources believed reliable. We have not verified it and make no guarantee, warranty or representation about it. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for you needs.

Listing provided courtesy of
Jonathan Aceves CCIM MBA, Meybohm Commercial Properties
BRE# 285735