For Sale
$499,000

216 Greene StAugusta, GA 30901

Six-unit apartment building, prime location.

Overview

Added:
Dec 11, 2024
Days on market:
115
This charming, six-unit apartment building, constructed in 1911, presents a compelling value-add investment opportunity in Augusta, Georgia's Olde Town neighborhood. Situated on a spacious 0.307-acre lot (APN: 047-4-116-00-0), the property boasts 3,340 square feet of space, currently operating at 16% occupancy. The building features a mix of unit types, including studios and one-bedroom apartments, with one fully furnished unit generating immediate income via a month-to-month lease at $1,100 per month. Three units are vacant and ready for new tenants, while two others require minor updates. One studio unit needs bathroom completion but retains significant historic charm. The property includes shared laundry facilities and separate meters for each unit, along with a common area meter and a single water meter for all units. Zoned R-3B, this property offers significant potential for expansion or amenity additions, given the ample lot size. The building's prime location benefits from ongoing infrastructure improvements on Greene Street, including new sidewalks and road resurfacing. The asking price is $499,000, translating to $83,167 per unit and $149.40 per square foot. This property is ideal for investors seeking to capitalize on the growth of Augusta's downtown area and the potential for increased cash flow and long-term appreciation. The property is located on the 200 block of Greene Street, easily accessible from Calhoun Expressway.

Highlights

  • Charming 6-unit apartment building built in 1911.
  • R-3B zoning allows for multifamily use.
  • Prime Olde Town Augusta location on Greene Street.
  • 3,340 sq ft building on a 0.307-acre lot (APN: 047-4-116-00-0).
  • Currently 16% occupied, with one furnished unit generating $1,100/month.
  • $499,000 asking price ($83,167/unit, $149.40/sq ft).

Property Details for 216 Greene St

Property type
Apartment buildings
Square Feet
3,340 SF
Class
C
Year Built
1911
Buildings
1
Stories
2
Lot Size (sq. ft)
13,373 SF
Units
6

Location Insight

City
Augusta
County
Richmond
State
Georgia
Latitude
33.46848433247
Longitude
-81.952852447954
216 Greene St, Augusta, Georgia

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
Please email our support team at [email protected] and they will add the team member.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
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.
How do I unsubscribe from emails?
At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].
216 Greene St
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your first name
Please enter your last name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Select size
Please enter message