510 National Ave

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Address: 510 National Ave, Augusta, GA 30901, USA
Created date: July 1, 2024
Date last updated: July 2, 2024

Property Description

This offering provides a unique opportunity for small investors to purchase an income property with no landlord responsibilities. 510 National Avenue has been leased to the same company for almost 20 years. The term of the current sixth lease extension expires March 31, 2026. Tenant has used the site for storage since 2007 and has given no indication of its intentions to not renew further. Landlord pays for property taxes only. Tenant pays all other costs related to the site. Gross income is $6,108 per year and the property taxes are $324 per year. Net income for the remainder of the current lease term is $5,784 annually.

Key Property Information

Listing Status: Available
Listing Type: Call for offers
Property Types: Land/Development
Price: $85,000
Lot Size: 0.50 Sq ft
Opportunity Zone: No
Property Website Click Here
Address: 510 National Ave, Augusta, GA 30901, USA
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