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1515 Stovall St 6 Unit Apartment Building $530,000 ($88,333/Unit) 7.69% Cap Rate Augusta, GA 30904
INVESTMENT HIGHLIGHTS
- Prime Midtown Augusta Location Surrounded by Major Employers and Strong Demand Drivers
- Close Proximity to Medical Centers, Downtown Augusta, and Key Regional Amenities
- Value-Add Potential Through Re-Tenanting and Repositioning Strategy
EXECUTIVE SUMMARY
This fully vacant property offers strong upside for investors. All six units require work—five light turns for quick leasing and one heavy turn from a recent fire in March. Prime location near Augusta Technical College ensures tenant demand. Ideal for repositioning through efficient renovations and re-tenanting to boost cash flow.
DATA ROOM Click Here to Access
- Offering Memorandum
PROPERTY FACTS Under Contract
| Price | $530,000 | Apartment Style | Low-Rise |
| Price Per Unit | $88,333 | Lot Size | 0.86 AC |
| Sale Type | Investment | Building Size | 4,405 SF |
| Cap Rate | 7.69% | Average Occupancy | 100% |
| No. Units | 6 | No. Stories | 2 |
| Property Type | Multifamily | Year Built/Renovated | 1896/2020 |
| Property Subtype | Apartment | ||
| Zoning | R-1C | ||
| Price | $530,000 |
| Price Per Unit | $88,333 |
| Sale Type | Investment |
| Cap Rate | 7.69% |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Lot Size | 0.86 AC |
| Building Size | 4,405 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built/Renovated | 1896/2020 |
| Zoning | R-1C |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 5 | - | 656 |
| 2+1 | 1 | - | 710 |
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1515 Stovall St
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