259 Greene St
Augusta, GA 30901

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, and boasting incredible Greene street location. Gas stoves, gas heat, gas water heaters. Great investment property, with 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, beautiful heart pine floors, and an amazing front porch. Units B & D are 1/1 with that also have beautiful heart pine floors and large windows. The second floor units have great balconies overlooking Greene Street. Located in the heart of Historic Olde Town, this Quad is conveniently located near downtown restaurants and Augusta University's Medical Campus. Located on the 200 block of Greene St. in Historic Olde Town, Downtown Augusta’s residential neighborhood. Approximately 3 blocks from the Savannah River, 2 minutes from the Central Business District, 10 blocks from the Cyber Center, 5 minutes from AU/MCG and medical district, 20 minutes from Fort Gordon. The neighborhood features a very active neighborhood association, many local businesses including law practices and inns, Christ Community Health Services in the Historic Widow's Home, and Heritage Academy, a neighborhood school located in the beautifully renovated old Houghton School building. Amazing walkable community with median parks, many sidewalks, and a diverse group of neighbors including many young families, students, professionals, etc. - folks from all walks of life. Olde Town is Augusta's first neighborhood, featuring linear parks along Broad and Greene, Heritage Academy, a Fire Station, Christ Community Health, sidewalks and street trees, a vibrant neighborhood association, the fox's lair (the local neighborhood bar), walking distance to the Savannah river and downtown dining and shopping.