1638 Cleveland Street

Home » All Multifamily Properties » Atlanta & Southeast » 1638 Cleveland Street

Address: 1638 Cleveland St, Augusta, GA 30904, USA

Atlanta & Southeast + Apartment Buildings

Created date: July 30, 2024

Date last updated: August 19, 2024

List Price: $595,000
Located in Opportunity Zone
All 7 units are fully leased
Value -add opportunity to increase rents
All units separately metered
Low-overhead for owner since tenant pays all utilities
Convenient parking for all tenants
2 NEW Hot water heaters in past 60 days

Property Description

Meybohm Commercial is proud to present 7 fully leased units close to the Medical District in Augusta, GA. Built in 1983, this U-shaped, single-story brick apartment building has 4 units that are accessed from Cleveland Street and three units accessed by Getter Lane. There is parking available in front of the units on both sides. The unit mix is 2, 1 bedroom and 1-bathroom apartments and 5, 2 bedrooms and 1-bathroom apartments. Each unit is separately metered for electricity and water, allowing tenants to pay all their own utilities. Updates have been made to the units over the past couple of years, like new paint, LVT or new carpet, updated appliances in some units, 2 new hot water heaters in the past 2 months Other amenities in include, eat-in kitchen, dishwasher, garbage disposal and multiple closets throughout the apartments. All tenants are in a current lease but investors can continue to add value and upgrades to units by adding washer and dryer connections to allow for higher rents or opting to go with the Section 8 housing program or even moving toward student housing due to close proximity to Paine College or the medical schools. Now is your chance to own this prime location off Walton Way and located close to the Medical District, as this area continues to change and grow.

Unavailable

Request Information

Key Property Information

Listing Status:	Unavailable
Listing Type:	Call for offers
Property Types:	Apartment Buildings
Price:	$595,000
No. of Units:	7
Year Built:	1983
Lot Size:	0.25 Sq ft
Opportunity Zone:	No
Price per unit:	$85,000
Property Website	Click Here