1638 CLEVELAND Street, Augusta, GA 30904 (MLS# 532083)

1638 CLEVELAND Street, Augusta, GA 30904

$555,000
Property Type: Multi-Family Bedrooms: 12 Baths: 7 Square Footage: 4,602 Lot Size (sq. ft.): 10,890 Status: Closed
Current Price: $555,000 List Date: 7/26/2024 Last Modified: 12/29/2024

Description

Looking for your new investment opportunity? Now available are 7 fully leased units in the Medical District in Augusta, GA. Built in 1983, this U-shaped, single-story brick apartment building has 4 units that are accessed from Cleveland Street and 3 units accessed by Gretter Lane. There is parking available in front of all units. The unit mix is 2, 1 bedroom and 1-bathroom apartments and 5, 2 bedrooms and 1-bathroom apartments. Each apartment is separately metered for electricity and water, allowing tenants to pay for all their own utilities which is great for landlords and owners. Updates have been made to the units over the past couple of years, like new paint, LVT or new carpet, updated appliances in some units and more. Other amenities in each unit include, eat-in kitchen, dishwasher, garbage disposal and multiple closets throughout the apartment. All tenants are in a current lease but investors can continue to add value and upgrades to units with adding washer and dryer connections to allow for higher rents, either with Section 8 housing or using as student housing due to close proximity to Paine College or medical schools. Now is your chance to own this prime location off Walton Way and located close to the Medical District, as this area continues to change and grow.

More Information MLS# 532083

Location, Tax & Legal

Parcel Number: 452103000 Street #: 1638 Street Name: CLEVELAND Street Suffix: Street County: Richmond State: GA Zip Code: 30904 MLS Area Major/Quadrant: Richmond (1RI) Subdivision Name: None-1ri

General Property Info

Lot Size Acres: 0.25 Lot Size Dimensions: 134' x 80' Elementary School: Lamar-Milledge Middle School: Hornsby WS High School: Lucy Laney # Of Units Total: 7 Bathrooms Half: 0 Total SqFt: 4602 Living Area Source: Public Records List Price/Acres: 2380000 List Price/SqFt: 129.29 New Construction Y/N: No Seller Financing Y/N: No Bedrooms Total: 12 Bathrooms Total: 7 Bathrooms Full: 7 Year Built: 1983

Remarks & Misc

Directions: Located off Walton Way coming from the Patridge Inn towards the Medical District, turn right after Zaxby's on Emmet Street. You then will take your first left onto Cleveland Street. Property is in the middle of the block. You can park across the street in the vacant lot to view. There are 4 units on Cleveland and 3 units on Getter. Public Remarks: Looking for your new investment opportunity? Now available are 7 fully leased units in the Medical District in Augusta, GA. Built in 1983, this U-shaped, single-story brick apartment building has 4 units that are accessed from Cleveland Street and 3 units accessed by Gretter Lane. There is parking available in front of all units. The unit mix is 2, 1 bedroom and 1-bathroom apartments and 5, 2 bedrooms and 1-bathroom apartments. Each apartment is separately metered for electricity and water, allowing tenants to pay for all their own utilities which is great for landlords and owners. Updates have been made to the units over the past couple of years, like new paint, LVT or new carpet, updated appliances in some units and more. Other amenities in each unit include, eat-in kitchen, dishwasher, garbage disposal and multiple closets throughout the apartment. All tenants are in a current lease but investors can continue to add value and upgrades to units with adding washer and dryer connections to allow for higher rents, either with Section 8 housing or using as student housing due to close proximity to Paine College or medical schools. Now is your chance to own this prime location off Walton Way and located close to the Medical District, as this area continues to change and grow.

Status Change Info

Sold Price/ Acres: 2220000 Sold Price/SqFt: 120.6 Pending Date: 2024-08-23 Sold Price: $555,000 Closed Date: 2024-10-14

Income & Expenses

Gross Income: 64800 Vacancy %: 0 Net Operating Income: 48405

Unit 1 Details

Units #: A Rent: 800 # Bedrooms: 2 # Full Baths: 1 SqFt: 720

Unit 1 Inclusions

Dishwasher: 1 Disposal: 1 Oven: 1 Refrigerator: 1 Smoke Detector(s): 1 Storage: 1 Other: 1

Unit 2 Details

Units #: B Rent: 750 # Bedrooms: 2 # Full Baths: 1 SqFt: 720

Unit 2 Inclusions

Dishwasher: 1 Disposal: 1 Oven: 1 Refrigerator: 1 Smoke Detector(s): 1 Storage: 1

Unit 3 Details

Units #: C Rent: 750 # Bedrooms: 1 # Full Baths: 1 SqFt: 500

Unit 3 Inclusions

Dishwasher: 1

Unit 4 Details

Units #: D Rent: 800 # Bedrooms: 2 # Full Baths: 1 SqFt: 720

Unit 4 Inclusions

Dishwasher: 1 Disposal: 1 Oven: 1 Refrigerator: 1 Smoke Detector(s): 1 Storage: 1

Unit 5 Details

Units #: E Rent: 750 # Bedrooms: 1 # Full Baths: 1 SqFt: 500

Unit 5 Inclusions

Dishwasher: 1 Disposal: 1 Oven: 1 Refrigerator: 1 Smoke Detector(s): 1 Storage: 1

Unit 6 Details

Unit #: F Rent: 800 # Bedrooms: 2 # Full Baths: 1 SqFt: 720

Unit 6 Inclusions

Dishwasher: 1 Disposal: 1 Oven: 1 Refrigerator: 1 Storage: 1

Unit 7 Details

Unit #: G Rent: 750 # Bedrooms: 2 # Full Baths: 1 SqFt: 725

Unit 7 Inclusions

Dishwasher: 1 Disposal: 1 Oven: 1 Refrigerator: 1 Smoke Detector(s): 1 Storage: 1

Construction Materials

Brick: 1

Parking Features

Other: 1 See Remarks: 1

Water Source

Public: 1

Sewer

Public Sewer: 1

Owner Pays

Electricity: 1 Grounds Care: 1 Other: 1 See Remarks: 1

Tenant Pays

Electricity: 1 Sewer: 1 Trash Collection: 1 Water: 1

Possession

Close Of Escrow: 1

Showing Requirements

Agent Must Accompany: 1 See Remarks: 1

Non Member

Non Member Name: Martha Sanchez Non Member Office: Global Partners Realty Group

Listing Terms

Cash: 1 Conventional: 1

Special Listing Conditions

Not Applicable: 1

Contract Info

Property Sub Type: Multi Family Sold Price: $555,000 List Date: 2024-07-26 Status: Closed Current Price: $555,000 Original List Price: 595000

Property Features

Unit 1 Inclusions: Dishwasher; Disposal; Oven; Refrigerator; Smoke Detector(s); Storage; Other Unit 2 Inclusions: Dishwasher; Disposal; Oven; Refrigerator; Smoke Detector(s); Storage Unit 3 Inclusions: Dishwasher Unit 4 Inclusions: Dishwasher; Disposal; Oven; Refrigerator; Smoke Detector(s); Storage Unit 5 Inclusions: Dishwasher; Disposal; Oven; Refrigerator; Smoke Detector(s); Storage Unit 6 Inclusions: Dishwasher; Disposal; Oven; Refrigerator; Storage Unit 7 Inclusions: Dishwasher; Disposal; Oven; Refrigerator; Smoke Detector(s); Storage Construction Materials: Brick Water Source: Public Sewer: Public Sewer Owner Pays: Electricity; Grounds Care; Other; See Remarks Tenant Pays: Electricity; Sewer; Trash Collection; Water Parking Features: Other; See Remarks Possession: Close Of Escrow Showing Requirements: Agent Must Accompany; See Remarks Listing Terms: Cash; Conventional Special Listing Conditions: Not Applicable
Listing Office: Meybohm Commercial Properties
Listing Agent: Danielle Meikrantz
Last Updated: December - 29 - 2024
Information deemed reliable but not guaranteed.