248 BROAD Street, Augusta, GA 30901
$1,300,000
Property Type:
Multi-Family
Bedrooms:
18
Baths:
16
Square Footage:
11,793
Lot Size (sq. ft.):
30,056
Status:
Closed
Current Price:
$1,300,000
List Date:
4/14/2022
Last Modified:
12/29/2024
Description
Ride the wave of a resurgent downtown Augusta to higher investment returns with this landmark property! Broad Street Commons is located in the heart of Olde Town, a short walk from the Savannah River and many of the city's most dynamic employers, entertainment venues, restaurants and museums. Broad Street Commons is a handsome collection of five early 19th century homes containing 12 residential apartment units with shared off-street parking. Property includes 234, 238, 244, 246, & 248 Broad Street. The Commons have a strong history of high occupancy and increasing rents. Broad Street Commons was honored in 2016 with a Preservation Easement held by Historic Augusta, Inc. Over 20-years of increasing rents offering a great inflation hedge
Continuously upgraded to maintain competitiveness in marketplace;
Strong occupancy history;
1031 exchange ready; Seller has additional multifamily properties available nearby
More Information MLS# 500726
Location, Tax & Legal
Parcel Number: 0472220000
Street #: 248
Street Name: BROAD
Street Suffix: Street
County: Richmond
State: GA
Zip Code: 30901
MLS Area Major/Quadrant: Richmond (2RI)
Subdivision Name: Old Towne
General Property Info
Lot Size Acres: 0.69
Lot Size Dimensions: 10x10
Elementary School: Lamar
Middle School: Hornsby WS
High School: Lucy Laney
# Of Units Total: 12
Bathrooms Half: 0
Total SqFt: 11793
Living Area Source: Public Records
List Price/Acres: 2144927.54
List Price/SqFt: 125.49
New Construction Y/N: No
Bedrooms Total: 18
Bathrooms Total: 16
Bathrooms Full: 16
Year Built: 1921
Remarks & Misc
Directions: In the heart of historic Olde Town on the prominent promenade of Broad Street with its park-like tree lined median
Public Remarks: Ride the wave of a resurgent downtown Augusta to higher investment returns with this landmark property! Broad Street Commons is located in the heart of Olde Town, a short walk from the Savannah River and many of the city's most dynamic employers, entertainment venues, restaurants and museums. Broad Street Commons is a handsome collection of five early 19th century homes containing 12 residential apartment units with shared off-street parking. Property includes 234, 238, 244, 246, & 248 Broad Street. The Commons have a strong history of high occupancy and increasing rents. Broad Street Commons was honored in 2016 with a Preservation Easement held by Historic Augusta, Inc. Over 20-years of increasing rents offering a great inflation hedge
Continuously upgraded to maintain competitiveness in marketplace;
Strong occupancy history;
1031 exchange ready; Seller has additional multifamily properties available nearby
Status Change Info
Sold Price/ Acres: 1884057.97
Sold Price/SqFt: 110.23
Pending Date: 2022-05-14
Sold Price: $1,300,000
Closed Date: 2022-08-02
Unit 1 Details
Units #: 234
Rent: 1645
# Bedrooms: 2
# Full Baths: 2
SqFt: 1657
Unit 1 Inclusions
Range: 1
Refrigerator: 1
See Remarks: 1
Unit 2 Details
Units #: 238
Rent: 2905
# Bedrooms: 4
# Full Baths: 3
SqFt: 2860
Unit 2 Inclusions
Range: 1
Refrigerator: 1
See Remarks: 1
Unit 3 Details
Units #: 244
Rent: 2585
# Bedrooms: 4
# Full Baths: 4
SqFt: 2208
Unit 3 Inclusions
Range: 1
Refrigerator: 1
See Remarks: 1
Unit 4 Details
Units #: 246
Rent: 2050
# Bedrooms: 4
# Full Baths: 3
SqFt: 1924
Unit 4 Inclusions
Range: 1
Refrigerator: 1
Unit 5 Details
Units #: 248
Rent: 2010
# Bedrooms: 4
# Full Baths: 4
SqFt: 2048
Construction Materials
Other: 1
Parking Features
Parking Pad: 1
See Remarks: 1
Heating
Electric: 1
Heat Pump: 1
Natural Gas: 1
See Remarks: 1
Cooling
Ceiling Fan(s): 1
Central Air: 1
Water Source
Public: 1
Sewer
Public Sewer: 1
Owner Pays
Grounds Care: 1
Trash Collection: 1
Water: 1
Tenant Pays
Cable TV: 1
Electricity: 1
Gas: 1
Community Features
Bike Path: 1
Boat Ramp: 1
Park: 1
Playground: 1
Sidewalks: 1
Walking Trail(s): 1
Other: 1
See Remarks: 1
Possession
See Remarks: 1
Showing Requirements
Agent Must Accompany: 1
Pet(s) on Premises: 1
Seller is Broker/Agent: 1
Seller is Relative: 1
See Remarks: 1
Listing Terms
1031 Exchange: 1
Cash: 1
Special Listing Conditions
Not Applicable: 1
Contract Info
Property Sub Type: Multi Family
Sold Price: $1,300,000
List Date: 2022-04-14
Status: Closed
Current Price: $1,300,000
Original List Price: 1480000
Property Features
Unit 1 Inclusions: Range; Refrigerator; See Remarks
Unit 2 Inclusions: Range; Refrigerator; See Remarks
Unit 3 Inclusions: Range; Refrigerator; See Remarks
Unit 4 Inclusions: Range; Refrigerator
Construction Materials: Other
Heating: Electric; Heat Pump; Natural Gas; See Remarks
Cooling: Ceiling Fan(s); Central Air
Water Source: Public
Sewer: Public Sewer
Owner Pays: Grounds Care; Trash Collection; Water
Tenant Pays: Cable TV; Electricity; Gas
Parking Features: Parking Pad; See Remarks
Community Features: Bike Path; Boat Ramp; Park; Playground; Sidewalks; Walking Trail(s); Other; See Remarks
Possession: See Remarks
Showing Requirements: Agent Must Accompany; Pet(s) on Premises; Seller is Broker/Agent; Seller is Relative; See Remarks
Listing Terms: 1031 Exchange; Cash
Special Listing Conditions: Not Applicable
Listing Office:
Rex Property & Land, Llc
Listing Agent:
Adelle Dennis
Last Updated: December - 29 - 2024
Information deemed reliable but not guaranteed.