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1328 Baker Ave
Augusta, GA 30904
The Lofts at Baker · Multifamily Property For Sale
·
20 Units
Investment Highlights
- 20-unit multifamily property consisting entirely of two-bedroom, one-bathroom apartments
- Currently operating at approximately 95% occupancy, providing strong in-place income with upside through full stabilization
- Located within Augusta’s Midtown corridor, minutes from the Medical District, Downtown Augusta, and Augusta University
- Recently renovated asset with modern interior upgrades and improved property condition
- Washer and dryer hookups in every unit, a highly desirable amenity that enhances tenant convenience and retention
- Attractive workforce housing investment positioned near major employment centers, universities, and retail amenities
Executive Summary
Marcus & Millichap is pleased to present for sale The Lofts at Baker. The property presents investors with the opportunity to acquire a recently renovated 20-unit multifamily asset located in the Midtown submarket of Augusta, Georgia. The property consists entirely of two-bedroom, one-bathroom units, each featuring washer and dryer hookups, a valuable amenity that supports tenant retention and rental competitiveness within the local market.
Currently operating at approximately 95% occupancy, the property offers immediate in-place cash flow with additional upside through lease-up and continued operational efficiencies. Recent renovations reduce near-term capital expenditure requirements and position the asset competitively against other workforce housing options in the area.
Strategically located near Augusta’s Medical District, Downtown Augusta, and Augusta University, the property benefits from consistent rental demand generated by healthcare professionals, university students, and service-sector employees seeking convenient and affordable housing.
Currently operating at approximately 95% occupancy, the property offers immediate in-place cash flow with additional upside through lease-up and continued operational efficiencies. Recent renovations reduce near-term capital expenditure requirements and position the asset competitively against other workforce housing options in the area.
Strategically located near Augusta’s Medical District, Downtown Augusta, and Augusta University, the property benefits from consistent rental demand generated by healthcare professionals, university students, and service-sector employees seeking convenient and affordable housing.
Property Facts
| Price Per Unit | $110,000 | Building Class | C |
| Sale Type | Investment | Lot Size | 2.00 AC |
| No. Units | 20 | Building Size | 8,291 SF |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built/Renovated | 1967/1977 |
| Apartment Style | Low-Rise | Opportunity Zone |
Yes
|
| Zoning | P-1 | ||
| Price Per Unit | $110,000 |
| Sale Type | Investment |
| No. Units | 20 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 2.00 AC |
| Building Size | 8,291 SF |
| No. Stories | 2 |
| Year Built/Renovated | 1967/1977 |
| Opportunity Zone |
Yes |
| Zoning | P-1 |
Amenities
Unit Amenities
- Microwave
- Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
Site Amenities
- 24 Hour Access
- Tenant Controlled HVAC
- Smoke Free
- Online Services
- Walk-Up
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 20 | - | - |
Property Taxes
| Parcel Number | 0453242000 | Improvements Assessment | $292,406 |
| Land Assessment | $56,802 | Total Assessment | $349,208 |
Property Taxes
Parcel Number
0453242000
Land Assessment
$56,802
Improvements Assessment
$292,406
Total Assessment
$349,208
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