355 Telfair St Augusta, GA 30901-2449
UPDATED:
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 4,817 sqft
Price per Sqft $72
Bedrooms 4
Full Baths 4
Lot Size 3,920 Sqft
Property Description
Prime Investment Opportunity: This charming Victorian quadruplex in Augusta's Olde Town offers a unique chance to own a piece of history while building your real estate portfolio.
Projected annual rent:
$60,000
Property Tax:
$2,575
Insurance:
$4,700
Regular Maintenance:
$3,200
Reserves for Replacement:
$2,100
Annual Expenses:
$4,470
Net Operating Income:
$45,000
CAP Rate:
5.82%
What Sets It Apart
What Sets It Apart: Located in an Opportunity Zone, the property may qualify for historic preservation tax credits and favorable financing options. With four large apartment suites, each featuring kitchens and bathrooms, and one unit already leased month-to-month, it's a value-add project with redevelopment potential. The property is within walking distance of the Savannah River, dynamic employers, and top entertainment spots.
Investment Highlights
Investment Highlights: Estimated annual rental income is $60,000–$65,000, with a projected 7-8% cap rate. 1031 exchange ready with potential tax benefits from historic preservation easements, this property is a prime cash flow and appreciation opportunity.
Location
State GA
County Richmond