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

Overview

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. Re ...

Listing Details MLS# 536050

Location, Tax & Legal

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

Contract Info

Property Sub Type
Multi Family
Original List Price
2340000

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
Bedrooms Total
10
Bathrooms Total
8
Bathrooms Full
7
Bathrooms Half
Yes
Total SqFt
6436
Living Area Source
Public Records
Year Built
1916
List Price/Acres
4749750
List Price/SqFt
295.2
New Construction Y/N
No

Status Change Info

Pending Date
2025-04-01
Closed Date
2025-05-16
Sold Price/ Acres
4187500
Sold Price/SqFt
260.25

Unit 1 Details

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

Unit 2 Details

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

More Information

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

Unit 1 Inclusions

Dishwasher
Yes
Disposal
Yes
Electric Dryer Hookup
Yes
Microwave
Yes
Range
Yes

Unit 2 Inclusions

Dishwasher
Yes
Electric Dryer Hookup
Yes
Microwave
Yes
Range
Yes
Refrigerator
Yes
Washer Hookup
Yes

Parking Features

Parking Pad
Yes

Water Source

Public
Yes

Community Features

Street Lights
Yes

Possession

Close Of Escrow
Yes

Showing Requirements

Agent Must Accompany
Yes
See Remarks
Yes

Listing Terms

1031 Exchange
Yes
Conventional
Yes
FHA
Yes

Special Listing Conditions

Not Applicable
Yes

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.