Thank you
Danielle Meikrantz
Meybohm Commercial Properties
706-736-0700
216 Greene Street is YOUR next multi-family investment opportunity in downtown Augusta. Nestled in the Olde Town neighborhood, this six-unit property presents a chance for you to capitalize on the growth in the downtown area and capitalize on the value-add opportunity and allowing for convenience, accessibility and endless potential for both tenants and owner.Positioned on the 200 block of Greene Street, this property is on a large double lot allowing for space for tenants, plenty of parking and more. Currently, there is one fully furnished unit in the back that is a 1 bed and 1 bath unit, that has a long-term tenant that is on a mtm lease at $1,100/month, providing immediate income for savvy investors. (Please DO NOT disturb the tenant). There are 5 additional units in the property with 4 studios of varying size and an additional 1 bedroom unit. The main house has shared laundry, and the back furnished unit has its own laundry. Three of the 5 units are ready for their next tenant. Two of the units could use some basic updating, the front unit needs the bathroom to be finished but this large studio is full of historic charm and your tenants will love spending time on the large front porch. The property is metered separately for each unit and an additional meter for the common spaces. There is 1 water meter for all units. Over the years the current owner has done various updates but he is ready to move on and selling this as-is to its next investor. With the large lot, there are many possibilities, with ample space for expansion or additional amenities. There is plenty of parking for your tenants. Currently, Greene Street is in the midst of a HUGE project with new sidewalks, resurfacing of the road, gutters and more. Don't let these updates to the area stop you from checking out this property. Whether you're an experienced investor looking to expand your portfolio or a newcomer eager to enter the lucrative world of real estate, this property offers endless possibilities. With vacancies ready to be filled and the flexibility to customize units to meet market demand, the potential for increased cash flow and long-term appreciation is unmatched. Make time to check out this multi-family opportunity today!
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Total Bedrooms : 6
Total Baths: 6
Full Baths: 6
Year Built: 1911
Lot Dimensions: 77X174
SQ ft (Living Area): 3,340
Property Detail: Multi Family
Subdivision: Old Towne
Original List Price: $525,000
Tax ID: 047 4 116 00-0
Parcel Number: 047 4 116 00-0
Elementary School: Hornsby
Junior High School: Hornsby WS
Senior High School: Lucy Laney
School District:
Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
---|---|---|---|---|---|
1544 NE Chestnut Street.., Augusta, GA,30901 | $34,000 | 4 | 1 | -- | 0.09 Acre |
1623 NE Ramsey Street #1, Augusta, GA,30901 | $40,900 | 3 | 1 | -- | 0.11 Acre |
1108 10th Street, Augusta, GA,30901 | $25,000 | 1 | 1 | -- | 0.05 Acre |
505 NE Dupont Street #1, Augusta, GA,30901 | $26,900 | -- | -- | -- | 0.24 Acre |
753 Sand Bar Ferry Road, Augusta, GA,30901 | $169,000 | -- | -- | -- | 1.73 Acres |
509 Walton Way Way, Augusta, GA,30901 | $75,000 | -- | -- | -- | 0.009 Acre |
503 Dupont Street #01, Augusta, GA,30901 | $35,000 | -- | -- | -- | 0.24 Acre |
429 Fairhope Street, Augusta, GA,30901 | $27,500 | -- | -- | -- | 0.18 Acre |
102 Broad Street, Augusta, GA,30901 | $25,000 | -- | -- | -- | 0.13 Acre |
605 E Boundary, Augusta, GA,30901 | $25,000 | -- | -- | -- | 0.12 Acre |
All listings featuring are provided by Augusta MLS Inc. This information is not verified for authenticity or accuracy and is not guaranteed. Copyright 2024 Augusta Multiple Listing Service, Inc
ByOwner last updated this listing 04/27/2024 @ 04:22
MLS: 525868
LISTED BY: Danielle Meikrantz , Meybohm Commercial Properties
SOURCE: Augusta MLS
Buyer Agency Description: The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed and if applicable, to participants of reciprocating MLS's as set forth in Association/MLS reciprocal agreements.