1116 1118 MILLEDGE ROAD, Augusta, GA 30904 (MLS# 536050)

1116 1118 MILLEDGE ROAD, Augusta, GA 30904

$1,675,000
Property Type: Multi-Family Bedrooms: 10 Baths: 8 Square Footage: 6,436 Lot Size (sq. ft.): 17,424 Status: Closed
Current Price: $1,675,000 List Date: 2/03/2025 Last Modified: 5/16/2025

Description

Rare Opportunity to own 2 Beautiful Historic Duplex Homes in Beautiful Summerville in Augusta ! They have undergone a total renovation down to the studs with Attention to all details to retain their Historic Charm. A total of 10 bedrooms and 7 and 1/2 Bathrooms. 10 foot ceilings and expansive feel throughout, All of the units are Impeccably Furnished and Decorated. New Roofs, All New Custom Kitchens with all wood cabinets and granite countertops., High end appliances, Fabulous Hardwood floors throughout ,All New Plumbing, Electrical , and HVACs , All bathrooms have been redone with custom tiles, All new insulated windows with the exception of a few windows which have remained for their historic significance . Exterior walls and roofs are spray foamed for superior insulation for comfort and noise. New Stackable washers and dryers , tankless water heaters, New Doors Incredible large custom deck on the rear of 1116 building with large shady tree emerging in the center. Relax on the beautiful porches which are on all units. New manicured Driveway designed to impress that runs from street to rear of properties with parking pads in front to property to host 4 cars and ample parking in rear. New sprinkler system for shrubbery and Grass These two historic duplexes are nestled amongst all of the fabulous homes that line Milledge Road. Property is ideally located a few blocks from Augusta University, Some of Augusta best Restaurants, 1 mile from Augusta Country Club and just a short distance from Augusta National Golf Club All are income producing with Masters rentals in place to add to income. Current rents on 3 bedroom units 3800, 3500 2 bedroom units 2500, 2000 Current total masters rental appx 65,000 for the week .Rate of return Appx 9.3% So many options with these properties. Excellent Masters Hospitality House Potential. Luxury Short Term, Long Term , Air BNB Or chose one of the charming units as your personal home in this ideal location in Augusta and have the others units generating income !! Augusta is home to the Masters Golf, Tournament, Georgia Cyber Center , Fort Eisenhower, Augusta Universities /Hospital and countless other major industries

More Information MLS# 536050

Location, Tax & Legal

Parcel Number: 0442108000 Street #: 1116 1118 Street Name: MILLEDGE ROAD County: Richmond State: GA Zip Code: 30904 MLS Area Major/Quadrant: Richmond (1RI) Subdivision Name: Summerville

General Property Info

Lot Size Acres: 0.4 Lot Size Dimensions: 50 x 165, 50 x164.79 Elementary School: Monte Sano Middle School: Langford High School: Richmond Academy # Of Units Total: 2 Bathrooms Half: 1 Total SqFt: 6436 Living Area Source: Public Records List Price/Acres: 4749750 List Price/SqFt: 295.2 New Construction Y/N: No Bedrooms Total: 10 Bathrooms Total: 8 Bathrooms Full: 7 Year Built: 1916

Remarks & Misc

Directions: From Walton Way heading towards downtown Augusta turn right on Milledge Road , The two homes will be on the left before reaching Central Avenue Public Remarks: Rare Opportunity to own 2 Beautiful Historic Duplex Homes in Beautiful Summerville in Augusta ! They have undergone a total renovation down to the studs with Attention to all details to retain their Historic Charm. A total of 10 bedrooms and 7 and 1/2 Bathrooms. 10 foot ceilings and expansive feel throughout, All of the units are Impeccably Furnished and Decorated. New Roofs, All New Custom Kitchens with all wood cabinets and granite countertops., High end appliances, Fabulous Hardwood floors throughout ,All New Plumbing, Electrical , and HVACs , All bathrooms have been redone with custom tiles, All new insulated windows with the exception of a few windows which have remained for their historic significance . Exterior walls and roofs are spray foamed for superior insulation for comfort and noise. New Stackable washers and dryers , tankless water heaters, New Doors Incredible large custom deck on the rear of 1116 building with large shady tree emerging in the center. Relax on the beautiful porches which are on all units. New manicured Driveway designed to impress that runs from street to rear of properties with parking pads in front to property to host 4 cars and ample parking in rear. New sprinkler system for shrubbery and Grass These two historic duplexes are nestled amongst all of the fabulous homes that line Milledge Road. Property is ideally located a few blocks from Augusta University, Some of Augusta best Restaurants, 1 mile from Augusta Country Club and just a short distance from Augusta National Golf Club All are income producing with Masters rentals in place to add to income. Current rents on 3 bedroom units 3800, 3500 2 bedroom units 2500, 2000 Current total masters rental appx 65,000 for the week .Rate of return Appx 9.3% So many options with these properties. Excellent Masters Hospitality House Potential. Luxury Short Term, Long Term , Air BNB Or chose one of the charming units as your personal home in this ideal location in Augusta and have the others units generating income !! Augusta is home to the Masters Golf, Tournament, Georgia Cyber Center , Fort Eisenhower, Augusta Universities /Hospital and countless other major industries

Status Change Info

Sold Price/ Acres: 4187500 Sold Price/SqFt: 260.25 Pending Date: 2025-04-01 Sold Price: $1,675,000 Closed Date: 2025-05-16

Unit 1 Details

Units #: 2 Rent: 45002583 # Bedrooms: 4 # Full Baths: 3 # Half Baths: 1 SqFt: 2434

Unit 1 Inclusions

Dishwasher: 1 Disposal: 1 Electric Dryer Hookup: 1 Microwave: 1 Range: 1

Unit 2 Details

Units #: 2 Rent: 73002583 # Bedrooms: 6 # Full Baths: 4 SqFt: 4002

Unit 2 Inclusions

Dishwasher: 1 Electric Dryer Hookup: 1 Microwave: 1 Range: 1 Refrigerator: 1 Washer Hookup: 1

Parking Features

Parking Pad: 1

Water Source

Public: 1

Community Features

Street Lights: 1

Possession

Close Of Escrow: 1

Showing Requirements

Agent Must Accompany: 1 See Remarks: 1

Listing Terms

1031 Exchange: 1 Conventional: 1 FHA: 1

Special Listing Conditions

Not Applicable: 1

Contract Info

Property Sub Type: Multi Family Sold Price: $1,675,000 List Date: 2024-12-01 Status: Closed Current Price: $1,675,000 Original List Price: 2340000

Property Features

Unit 1 Inclusions: Dishwasher; Disposal; Electric Dryer Hookup; Microwave; Range Unit 2 Inclusions: Dishwasher; Electric Dryer Hookup; Microwave; Range; Refrigerator; Washer Hookup Water Source: Public Parking Features: Parking Pad Community Features: Street Lights Possession: Close Of Escrow Showing Requirements: Agent Must Accompany; See Remarks Listing Terms: 1031 Exchange; Conventional; FHA Special Listing Conditions: Not Applicable
Listing Office: Auben Realty, LLC
Listing Agent: Terri Richards
Last Updated: May - 16 - 2025
Information deemed reliable but not guaranteed.