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1904 Central Ave 3 Unit Apartment Building $385,000 ($128,333/Unit) 10.99% Cap Rate Augusta, GA 30904
INVESTMENT HIGHLIGHTS
- Medical District
- Short term rental potential
EXECUTIVE SUMMARY
Great investment opportunity. Listed well below appraised value. Building is currently vacant for the sale. Ideally located just minutes from downtown Augusta, the medical district, and Augusta University! This rare multi-family opportunity features three spacious units, each with separate entrances, utilities, and strong rental history, perfect for house hacking or adding to your portfolio. Each unit offers well-designed living spaces, updated kitchens, and full baths, ready for immediate occupancy or rental. Prime location near hospitals, schools, the Masters, and Fort Eisenhower Turnkey rental opportunity with great cash flow potential Zoned for multi-family use Ideal for short-term or long-term rental strategies Whether you're a seasoned investor or a savvy first-time buyer looking to live in one unit and rent the others, this triplex delivers versatility, value, and solid returns.
FINANCIAL SUMMARY (ACTUAL - 2025) |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$50,400
|
$21.21
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$50,400
|
$21.21
|
| Taxes |
$2,565
|
$1.08
|
| Operating Expenses |
$5,510
|
$2.32
|
| Total Expenses |
$8,075
|
$3.40
|
| Net Operating Income |
$42,325
|
$17.81
|
FINANCIAL SUMMARY (ACTUAL - 2025)
| Gross Rental Income | |
|---|---|
| Annual | $50,400 |
| Annual Per SF | $21.21 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $50,400 |
| Annual Per SF | $21.21 |
| Taxes | |
|---|---|
| Annual | $2,565 |
| Annual Per SF | $1.08 |
| Operating Expenses | |
|---|---|
| Annual | $5,510 |
| Annual Per SF | $2.32 |
| Total Expenses | |
|---|---|
| Annual | $8,075 |
| Annual Per SF | $3.40 |
| Net Operating Income | |
|---|---|
| Annual | $42,325 |
| Annual Per SF | $17.81 |
PROPERTY FACTS
| Price | $385,000 | Lot Size | 0.13 AC |
| Price Per Unit | $128,333 | Building Size | 2,376 SF |
| Sale Type | Investment | Average Occupancy | 0% |
| Cap Rate | 10.99% | No. Stories | 2 |
| No. Units | 3 | Year Built/Renovated | 1941/2024 |
| Property Type | Multifamily | Parking Ratio | 0.84/1,000 SF |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Building Class | C | ||
| Zoning | B-1 - General Commercial | ||
| Price | $385,000 |
| Price Per Unit | $128,333 |
| Sale Type | Investment |
| Cap Rate | 10.99% |
| No. Units | 3 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | C |
| Lot Size | 0.13 AC |
| Building Size | 2,376 SF |
| Average Occupancy | 0% |
| No. Stories | 2 |
| Year Built/Renovated | 1941/2024 |
| Parking Ratio | 0.84/1,000 SF |
| Opportunity Zone |
Yes |
| Zoning | B-1 - General Commercial |
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PROPERTY TAXES
| Parcel Number | 0453102000 | Total Assessment | $65,162 |
| Land Assessment | $4,368 | Annual Taxes | $2,565 ($1.08/SF) |
| Improvements Assessment | $60,794 | Tax Year | 2025 |
PROPERTY TAXES
Parcel Number
0453102000
Land Assessment
$4,368
Improvements Assessment
$60,794
Total Assessment
$65,162
Annual Taxes
$2,565 ($1.08/SF)
Tax Year
2025
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1904 Central Ave
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