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.
