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
Listing Details MLS# 532083
Location, Tax & Legal
- 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
- Parcel Number
- 452103000
Contract Info
- Property Sub Type
- Multi Family
- Original List Price
- 595000
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
- Bedrooms Total
- 12
- Bathrooms Total
- 7
- Bathrooms Full
- 7
- Total SqFt
- 4602
- Living Area Source
- Public Records
- Year Built
- 1983
- List Price/Acres
- 2380000
- List Price/SqFt
- 129.29
- New Construction Y/N
- No
- Seller Financing Y/N
- No
- Bathrooms Half
- 0
Status Change Info
- Pending Date
- 2024-08-23
- Closed Date
- 2024-10-14
- Sold Price/ Acres
- 2220000
- Sold Price/SqFt
- 120.6
Unit 1 Details
- Units #
- A
- Rent
- 800
- # Bedrooms
- 2
- # Full Baths
- Yes
- SqFt
- 720
Unit 2 Details
- Units #
- B
- Rent
- 750
- # Bedrooms
- 2
- # Full Baths
- Yes
- SqFt
- 720
More Information
Unit 3 Details
- Units #
- C
- Rent
- 750
- # Bedrooms
- Yes
- # Full Baths
- Yes
- SqFt
- 500
Unit 4 Details
- Units #
- D
- Rent
- 800
- # Bedrooms
- 2
- # Full Baths
- Yes
- SqFt
- 720
Unit 5 Details
- Units #
- E
- Rent
- 750
- # Bedrooms
- Yes
- # Full Baths
- Yes
- SqFt
- 500
Unit 6 Details
- Unit #
- F
- Rent
- 800
- # Bedrooms
- 2
- # Full Baths
- Yes
- SqFt
- 720
Unit 7 Details
- Unit #
- G
- Rent
- 750
- # Bedrooms
- 2
- # Full Baths
- Yes
- SqFt
- 725
Non Member
- Non Member Name
- Martha Sanchez
- Non Member Office
- Global Partners Realty Group
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.
Income & Expenses
- Gross Income
- 64800
- Vacancy %
- 0
- Net Operating Income
- 48405
Unit 1 Inclusions
- Dishwasher
- Yes
- Disposal
- Yes
- Oven
- Yes
- Refrigerator
- Yes
- Smoke Detector(s)
- Yes
- Storage
- Yes
- Other
- Yes
Unit 2 Inclusions
- Dishwasher
- Yes
- Disposal
- Yes
- Oven
- Yes
- Refrigerator
- Yes
- Smoke Detector(s)
- Yes
- Storage
- Yes
Unit 3 Inclusions
- Dishwasher
- Yes
Unit 4 Inclusions
- Dishwasher
- Yes
- Disposal
- Yes
- Oven
- Yes
- Refrigerator
- Yes
- Smoke Detector(s)
- Yes
- Storage
- Yes
Unit 5 Inclusions
- Dishwasher
- Yes
- Disposal
- Yes
- Oven
- Yes
- Refrigerator
- Yes
- Smoke Detector(s)
- Yes
- Storage
- Yes
Unit 6 Inclusions
- Dishwasher
- Yes
- Disposal
- Yes
- Oven
- Yes
- Refrigerator
- Yes
- Storage
- Yes
Unit 7 Inclusions
- Dishwasher
- Yes
- Disposal
- Yes
- Oven
- Yes
- Refrigerator
- Yes
- Smoke Detector(s)
- Yes
- Storage
- Yes
Construction Materials
- Brick
- Yes
Parking Features
- Other
- Yes
- See Remarks
- Yes
Water Source
- Public
- Yes
Sewer
- Public Sewer
- Yes
Owner Pays
- Electricity
- Yes
- Grounds Care
- Yes
- Other
- Yes
- See Remarks
- Yes
Tenant Pays
- Electricity
- Yes
- Sewer
- Yes
- Trash Collection
- Yes
- Water
- Yes
Possession
- Close Of Escrow
- Yes
Showing Requirements
- Agent Must Accompany
- Yes
- See Remarks
- Yes
Listing Terms
- Cash
- Yes
- Conventional
- Yes
Special Listing Conditions
- Not Applicable
- Yes
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.