248 BROAD Street, Augusta, GA 30901 (MLS# 500726)

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

Overview

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

Listing Details MLS# 500726

Location, Tax & Legal

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
Parcel Number: 0472220000

Contract Info

Property Sub Type: Multi Family
Original List Price: 1480000

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
Bedrooms Total: 18
Bathrooms Total: 16
Bathrooms Full: 16
Total SqFt: 11793
Living Area Source: Public Records
Year Built: 1921
List Price/Acres: 2144927.54
List Price/SqFt: 125.49
New Construction Y/N: No
Bathrooms Half: 0

Status Change Info

Pending Date: 2022-05-14
Closed Date: 2022-08-02
Sold Price/ Acres: 1884057.97
Sold Price/SqFt: 110.23

Unit 1 Details

Units #: 234
Rent: 1645
# Bedrooms: 2
# Full Baths: 2
SqFt: 1657

Unit 2 Details

Units #: 238
Rent: 2905
# Bedrooms: 4
# Full Baths: 3
SqFt: 2860

More Information

Unit 3 Details

Units #: 244
Rent: 2585
# Bedrooms: 4
# Full Baths: 4
SqFt: 2208

Unit 4 Details

Units #: 246
Rent: 2050
# Bedrooms: 4
# Full Baths: 3
SqFt: 1924

Unit 5 Details

Units #: 248
Rent: 2010
# Bedrooms: 4
# Full Baths: 4
SqFt: 2048

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

Unit 1 Inclusions

Range: Yes
Refrigerator: Yes
See Remarks: Yes

Unit 2 Inclusions

Range: Yes
Refrigerator: Yes
See Remarks: Yes

Unit 3 Inclusions

Range: Yes
Refrigerator: Yes
See Remarks: Yes

Unit 4 Inclusions

Range: Yes
Refrigerator: Yes

Construction Materials

Other: Yes

Parking Features

Parking Pad: Yes
See Remarks: Yes

Heating

Electric: Yes
Heat Pump: Yes
Natural Gas: Yes
See Remarks: Yes

Cooling

Ceiling Fan(s): Yes
Central Air: Yes

Water Source

Public: Yes

Sewer

Public Sewer: Yes

Owner Pays

Grounds Care: Yes
Trash Collection: Yes
Water: Yes

Tenant Pays

Cable TV: Yes
Electricity: Yes
Gas: Yes

Community Features

Bike Path: Yes
Boat Ramp: Yes
Park: Yes
Playground: Yes
Sidewalks: Yes
Walking Trail(s): Yes
Other: Yes
See Remarks: Yes

Possession

See Remarks: Yes

Showing Requirements

Agent Must Accompany: Yes
Pet(s) on Premises: Yes
Seller is Broker/Agent: Yes
Seller is Relative: Yes
See Remarks: Yes

Listing Terms

1031 Exchange: Yes
Cash: Yes

Special Listing Conditions

Not Applicable: Yes

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.

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