For Sale
$1,500,000

3909 Roberts Rd Augusta, GA 30907

8-Unit Apartment Building, High Occupancy

Overview

Added:
Dec 11, 2024
Days on market:
138
This exceptional 8-unit multifamily property in Augusta, Georgia presents a compelling investment opportunity. Located on a one-acre lot at 3909 Roberts Rd, 30907, this well-maintained complex comprises four two-story buildings, each housing two units. Currently boasting 100% occupancy with long-term tenants, the property offers a strong pro-forma NOI of $111,360 and a 7.42% cap rate at an asking price of $1,500,000 ($187,500 per unit). Each unit features individual electric HVAC and water heaters, many still under warranty, and separate electric meters. The property benefits from its prime location near Columbia County's retail core, conveniently situated off Washington Road. This area is experiencing significant growth fueled by the expansion of Fort Gordon and its highly-rated school district, making it a highly desirable rental market. Current rental rates are below market, presenting an immediate opportunity to increase revenue. This Core+ investment is a rare find in a thriving market. The property's strong performance and location make it an ideal addition to any portfolio.

Highlights

  • Four-building, eight-unit multifamily property with stable, long-term tenants.
  • 100% occupancy rate.
  • Well-maintained property featuring recent upgrades.
  • Excellent location near Columbia County's retail core.
  • Individually metered units with electric HVAC and new water heaters.
  • Below-market rents.

Property Details for 3909 Roberts Rd

Property type
Apartment buildings
Buildings
4
Stories
2
Lot Size (sq. ft)
43,560 SF
Units
8

Location Insight

City
Augusta
County
Columbia
State
Georgia
Latitude
33.5116039
Longitude
-82.0973649

FAQs

What type of property is this?
Apartment building - 8-Unit Apartment Building, High Occupancy
Where is the apartment building located?
The property is located at 3909 Roberts Rd Augusta, GA.
What is the asking price?
The asking price for this property is $1,500,000.
What are key features of this property?
This property features: Four-building, eight-unit multifamily property with stable, long-term tenants.; 100% occupancy rate.; Well-maintained property featuring recent upgrades.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
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3909 Roberts Rd
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