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216 Greene Street

Augusta, GA 30901
  • $499,000
  • STATUS: Active
  • ON SITE: 81 Days
  • MLS #: 525868
UPDATED: 142 min ago
$499,000
  • 6
    BEDS
  • 0.31
    ACRES
  • 6
    BATHS
  • 0
    1/2 BATHS
  • 3,340
    SQFT
  • $149
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1911
County:
Area:

School Information

Elementary School:
Middle School:
High School:

Description

216 Greene Street is YOUR next multi-family investment opportunity in downtown Augusta. Nestled in the Olde Town neighborhood, this six-unit property presents a chance for you to capitalize on the growth in the downtown area and capitalize on the value-add opportunity and allowing for convenience, accessibility and endless potential for both tenants and owner. Positioned on the 200 block of Greene Street, this property is on a large double lot allowing for space for tenants, plenty of parking and more. Currently, there is one fully furnished unit in the back that is a 1 bed and 1 bath unit, that has a long-term tenant that is on a mtm lease at $1,100/month, providing immediate income for savvy investors. (Please DO NOT disturb the tenant). There are 5 additional units in the property with 4 studios of varying size and an additional 1 bedroom unit. The main house has shared laundry, and the back furnished unit has its own laundry. Three of the 5 units are ready for their next tenant. Two of the units could use some basic updating, the front unit needs the bathroom to be finished but this large studio is full of historic charm and your tenants will love spending time on the large front porch. The property is metered separately for each unit and an additional meter for the common spaces. There is 1 water meter for all units. Over the years the current owner has done various updates but he is ready to move on and selling this as-is to its next investor. With the large lot, there are many possibilities, with ample space for expansion or additional amenities. There is plenty of parking for your tenants. Currently, Greene Street is in the midst of a HUGE project with new sidewalks, resurfacing of the road, gutters and more. Don't let these updates to the area stop you from checking out this property. Whether you're an experienced investor looking to expand your portfolio or a newcomer eager to enter the lucrative world of real estate, this property offers endless possibilities. With vacancies ready to be filled and the flexibility to customize units to meet market demand, the potential for increased cash flow and long-term appreciation is unmatched. Make time to check out this multi-family opportunity today!

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IDX information © 2024 Greater Augusta Association of Realtors. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is believed to be accurate but not guaranteed by the MLS or The Thompson Team | Meybohm Real Estate. Data last updated 2024-05-19T16:59:00.24.
www.jessicathompsonrealestate.com/homes/148037118
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216 Greene Street Augusta, GA 30901

  • Price: $499,000
  • Status: Active
  • On Site: 81 Days
  • Updated: 142 min ago
  • MLS #: 525868
6
Beds
6
Baths
0
½ Baths
0.31
Acres
3,340
SQFT
$149
$/SQFT
1911
Built
Neighborhood:
Old Towne
County:
Richmond
Area:
Augusta
Elementary School:
Hornsby
Middle School:
Hornsby Ws
High School:
Lucy Laney
Property Description
216 Greene Street is YOUR next multi-family investment opportunity in downtown Augusta. Nestled in the Olde Town neighborhood, this six-unit property presents a chance for you to capitalize on the growth in the downtown area and capitalize on the value-add opportunity and allowing for convenience, accessibility and endless potential for both tenants and owner. Positioned on the 200 block of Greene Street, this property is on a large double lot allowing for space for tenants, plenty of parking and more. Currently, there is one fully furnished unit in the back that is a 1 bed and 1 bath unit, that has a long-term tenant that is on a mtm lease at $1,100/month, providing immediate income for savvy investors. (Please DO NOT disturb the tenant). There are 5 additional units in the property with 4 studios of varying size and an additional 1 bedroom unit. The main house has shared laundry, and the back furnished unit has its own laundry. Three of the 5 units are ready for their next tenant. Two of the units could use some basic updating, the front unit needs the bathroom to be finished but this large studio is full of historic charm and your tenants will love spending time on the large front porch. The property is metered separately for each unit and an additional meter for the common spaces. There is 1 water meter for all units. Over the years the current owner has done various updates but he is ready to move on and selling this as-is to its next investor. With the large lot, there are many possibilities, with ample space for expansion or additional amenities. There is plenty of parking for your tenants. Currently, Greene Street is in the midst of a HUGE project with new sidewalks, resurfacing of the road, gutters and more. Don't let these updates to the area stop you from checking out this property. Whether you're an experienced investor looking to expand your portfolio or a newcomer eager to enter the lucrative world of real estate, this property offers endless possibilities. With vacancies ready to be filled and the flexibility to customize units to meet market demand, the potential for increased cash flow and long-term appreciation is unmatched. Make time to check out this multi-family opportunity today!
Exterior Features

Attached Garage YN No Construction Materials Other Lot Size Dimensions 77X174 Parking Features Other

Interior Features

Bathrooms Full 6 Bathrooms Half 0 Cooling YN Yes Heating Multiple Systems Unit1 Bathrooms Full 1 Unit1 Bathrooms Half 0 Unit1 Bedrooms 1 Unit1 Sq Ft 380 Unit2 Bathrooms Full 1 Unit2 Bathrooms Half 0 Unit2 Bedrooms 1 Unit2 Sq Ft 500 Unit3 Bathrooms Full 1 Unit3 Bathrooms Half 0 Unit3 Bedrooms 1 Unit3 Sq Ft 400 Unit4 Bathrooms Full 1 Unit4 Bathrooms Half 0 Unit4 Bedrooms 1 Unit4 Sq Ft 350 Unit5 Bathrooms Full 1 Unit5 Bathrooms Half 0 Unit5 Bedrooms 1 Unit5 Sq Ft 700 Unit6 Bathrooms Full 1 Unit6 Bathrooms Half 0 Unit6 Bedrooms 1 Unit6 Sq Ft 700

Property Features

Community Features Sidewalks Listing Terms 1031 ExchangeCashConventional New Construction YN No Owner Pays Grounds CareSewerTrash CollectionWater Possession Close Of Escrow Property Sub Type Multi Family Public Sewer Yes Sewer Public Sewer Special Listing Conditions Not Applicable Tenant Pays Electricity Unit1 Rent 0 Unit2 Rent 0 Unit3 Rent 0 Unit4 Rent 0 Unit5 Rent 0 Unit6 Rent 1100 Water Source Public Water Source Public Yes

Listing courtesy of Meybohm Commercial Properties: 706-736-0700.


IDX information © 2024 Greater Augusta Association of Realtors. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is believed to be accurate but not guaranteed by the MLS or The Thompson Team | Meybohm Real Estate. Data last updated 2024-05-19T16:59:00.24.
 
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