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Midtown Apartments 1927 Central Ave 29 Unit Apartment Building $2,100,000 ($72,414/Unit) 7.20% Cap Rate Augusta, GA 30904
INVESTMENT HIGHLIGHTS
- 19 of the 28 units plus the single-family home have recently been renovated
- The roofs are in good condition and new roof on Building D
- current owners have invested over $80,000 in Capex
EXECUTIVE SUMMARY
• 29-unit apartment complex in Augusta, GA that consists of 4 apartment buildings and 1 single family home
• Centrally located near the Augusta Medical District
• Potential for value-add or stabilized investment opportunity
• Located in an Opportunity Zone
• Centrally located near the Augusta Medical District
• Potential for value-add or stabilized investment opportunity
• Located in an Opportunity Zone
DATA ROOM Click Here to Access
- Offering Memorandum
PROPERTY FACTS
| Price | $2,100,000 | Lot Size | 1.25 AC |
| Price Per Unit | $72,414 | Building Size | 24,878 SF |
| Sale Type | Investment | Average Occupancy | 90% |
| Cap Rate | 7.20% | No. Stories | 2 |
| No. Units | 29 | Year Built | 1950 |
| Property Type | Multifamily | Parking Ratio | 0.8/1,000 SF |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Building Class | B | ||
| Zoning | C3 - Commercial | ||
| Price | $2,100,000 |
| Price Per Unit | $72,414 |
| Sale Type | Investment |
| Cap Rate | 7.20% |
| No. Units | 29 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | B |
| Lot Size | 1.25 AC |
| Building Size | 24,878 SF |
| Average Occupancy | 90% |
| No. Stories | 2 |
| Year Built | 1950 |
| Parking Ratio | 0.8/1,000 SF |
| Opportunity Zone |
Yes |
| Zoning | C3 - Commercial |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+1 | 29 | - | 856 |
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PROPERTY TAXES
| Parcel Number | 0453014010 | Improvements Assessment | $730,460 |
| Land Assessment | $43,560 | Total Assessment | $774,020 |
PROPERTY TAXES
Parcel Number
0453014010
Land Assessment
$43,560
Improvements Assessment
$730,460
Total Assessment
$774,020
CONTACTS
-
Lee Malchow -
David Rivers -
Steve Collins -
Brent Hadden -
Ryan McArdle -
Palomar Group
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VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
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Midtown Apartments | 1927 Central Ave
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