Midtown Apartments | 1927 Central Ave
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Midtown Apartments 1927 Central Ave
29 Unit Apartment Building $2,270,000 ($78,276/Unit) 7% 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
- Multiple points of entry and easy access to Central Avenue
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 | $2,270,000 | Lot Size | 1.25 AC |
| Price Per Unit | $78,276 | Building Size | 24,878 SF |
| Sale Type | Investment | Average Occupancy | 93% |
| Cap Rate | 7% | No. Stories | 2 |
| No. Units | 29 | Year Built/Renovated | 1950/1985 |
| Property Type | Multifamily | Parking Ratio | 0.8/1,000 SF |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Building Class | B |
| Price | $2,270,000 |
| Price Per Unit | $78,276 |
| Sale Type | Investment |
| Cap Rate | 7% |
| No. Units | 29 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | B |
| Lot Size | 1.25 AC |
| Building Size | 24,878 SF |
| Average Occupancy | 93% |
| No. Stories | 2 |
| Year Built/Renovated | 1950/1985 |
| Parking Ratio | 0.8/1,000 SF |
| Opportunity Zone |
Yes |
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 | $525,595 |
| Land Assessment | $43,560 | Total Assessment | $569,155 |
PROPERTY TAXES
Parcel Number
0453014010
Land Assessment
$43,560
Improvements Assessment
$525,595
Total Assessment
$569,155
zoning
| Zoning Code | P1 |
| P1 |
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Midtown Apartments | 1927 Central Ave
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