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214 Ellis St

4 Unit Apartment Building Offered at $499,000 at a 9.27% Cap Rate in Augusta, GA 30901

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Investment Highlights

Close to Augusta University and Medical College of Georgia

Affordable housing

Executive Summary

Multi-Family Investment Opportunity in Augusta, Georgia! This versatile multi-family property offers a prime opportunity for investors in the heart of Augusta, GA. Featuring four total units, this property provides excellent rental income potential: • Units 214 A & B: 1 bedroom, 1 bathroom each • Units 216 A & B: 2 bedrooms, 1 bathroom each Whether catering to singles, couples, or small families, this property is ideal for meeting a variety of tenant needs. The efficient layouts and practical designs ensure high occupancy rates, making it a solid investment for long-term income generation.

FS-ELLIS

Financial Summary (Actual - 2024)	Annual	Annual Per SF
Gross Rental Income	$46,260	$11.82
Other Income	-	-
Vacancy Loss	-	-
Effective Gross Income	$46,260	$11.82
Net Operating Income	-	-

Financial Summary (Actual - 2024)

Gross Rental Income
Annual	$46,260
Annual Per SF	$11.82

Other Income
Annual	-
Annual Per SF	-

Vacancy Loss
Annual	-
Annual Per SF	-

Effective Gross Income
Annual	$46,260
Annual Per SF	$11.82

Net Operating Income
Annual	-
Annual Per SF	-

Property Facts

Price	$499,000	Property Type	Multifamily Multifamily Apartments
Price Per Unit	$124,750	Lot Size	0.27 AC
Sale Type	Investment	Building Size	3,915 SF
Cap Rate	9.27%	No. Stories	2
Sale Conditions	Bulk/Portfolio Sale	Year Built	1918
No. Units	4	Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.

Price	$499,000
Price Per Unit	$124,750
Sale Type	Investment
Cap Rate	9.27%
Sale Conditions	Bulk/Portfolio Sale
No. Units	4
Property Type	Multifamily Multifamily Apartments
Lot Size	0.27 AC
Building Size	3,915 SF
No. Stories	2
Year Built	1918
Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.