259 Greene Street

    Augusta, GA 30901
    • $290,000
    • STATUS: Active
    • ON SITE: 62 days
    • MLS #: 449210
    UPDATED: 167 min ago
    $290,000
    • 0
      BEDS
    • N/A
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 3,882
      SQFT
    • $75
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1921
    County:
    Area:

    School Information

    Elementary School:
    Middle School:
    High School:

    Description

    Meybohm Commercial is proud to offer this beautiful quadplex in the historic district of Olde Town which has the potential to be a relatively simple value-add play with 3 of 4 tenants currently paying well below anticipated market rent levels. Currently, one of the four occupants is also a property manager and is paying less than half market rent by way of an existing arrangement. Additionally, two of the other tenants are renting under stipulations of a HUD tax credit program and are paying well under market rents for the remainder of the tenancy, set to end in August of 2021 (Additional information available upon request.) Ideal for medical or dental students. Gas stoves, gas heat, gas water heaters, and low-maintenance stucco exterior. Well maintained, nicely updated, and fully leased. Units have beautiful wood floors, tall ceilings and huge windows. Units A & C are 2/1 with large bedrooms that feature walk-in closets, heart pine floors, & amazing front porch. Units B & D are 1/1.

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    IDX information © 2020 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 Southeastern Residential. Data last updated 2020-01-28T23:55:44.403.
    www.livesoutheastern.com/homes/101333426

    259 Greene Street Augusta, GA 30901

    • Price: $290,000
    • Status: Active
    • Updated: 167 min ago
    • MLS #: 449210
    0
    Beds
    0
    Baths
    0
    ½ Baths
    N/A
    Acres
    3,882
    SQFT
    $75
    $/SQFT
    1921
    Built
    Neighborhood:
    Old Towne
    County:
    Richmond
    Area:
    Augusta
    Elementary School:
    Craig-Houghton
    Middle School:
    Other
    High School:
    Other
    Property Description
    Meybohm Commercial is proud to offer this beautiful quadplex in the historic district of Olde Town which has the potential to be a relatively simple value-add play with 3 of 4 tenants currently paying well below anticipated market rent levels. Currently, one of the four occupants is also a property manager and is paying less than half market rent by way of an existing arrangement. Additionally, two of the other tenants are renting under stipulations of a HUD tax credit program and are paying well under market rents for the remainder of the tenancy, set to end in August of 2021 (Additional information available upon request.) Ideal for medical or dental students. Gas stoves, gas heat, gas water heaters, and low-maintenance stucco exterior. Well maintained, nicely updated, and fully leased. Units have beautiful wood floors, tall ceilings and huge windows. Units A & C are 2/1 with large bedrooms that feature walk-in closets, heart pine floors, & amazing front porch. Units B & D are 1/1.
    Exterior Features

    Exterior Finish Stucco Lot Size 0.13

    Interior Features

    Cooling Other-See Remarks Heat Delivery Other-See Remarks Unit Four Baths 1 Unit Four Bedrooms 1 Unit Four Inclusions Other-See Remarks Unit Four Sq Ft 550 Unit One Baths 1 Unit One Bedrooms 2 Unit One Inclusions Other-See Remarks Unit One Sq Ft 815 Unit Three Baths 1 Unit Three Bedrooms 2 Unit Three Inclusions Other-See Remarks Unit Three Sq Ft 815 Unit Two Baths 1 Unit Two Bedrooms 1 Unit Two Inclusions Other-See Remarks Unit Two Sq Ft 550

    Property Features

    Amenities SidewalksStreet Lights Financing CashConventionalOther-See Remarks Listing Conditions Not Applicable New Construction No Owner Financing No Property Type Fourplex Sewer Public Sewer Unit Four Rent 596 Unit Four Unit Number D Unit One Rent 717 Unit One Unit Number A Unit Three Rent 466 Unit Three Unit Number C Unit Two Rent 486 Unit Two Unit Number B Vacancy Percent 0

    Listing courtesy of Meybohm Real Estate-Wheeler Rd.


    IDX information © 2020 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 Southeastern Residential. Data last updated 2020-01-28T23:55:44.403.
     
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    Augusta GA, 30907