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Key Details
Sold Price $279,000
Property Type Multi-Family
Sub Type Duplex
Listing Status Sold
Purchase Type For Sale
Square Footage 2,163 sqft
Price per Sqft $128
Subdivision Fleming Heights
MLS Listing ID 527437
Sold Date 07/02/24
Bedrooms 10
Full Baths 4
Half Baths 1
Year Built 1952
Lot Size 0.380 Acres
Acres 0.38
Lot Dimensions 89X184
Property Sub-Type Duplex
Source REALTORS® of Greater Augusta
Property Description
Back on the market and better than ever! This fantastic duplex has an updated and upgraded foundation and is now ready to be yours. This home is the perfect opportunity to own a multi-family investment property which is already generating strong cash flows of 2420/month! Under a new owner, this will increase to 2640 since section 8 rates just went up! This 2163 sqft home is currently zoned as a duplex but with the proper zoning permissions, could possibly be a triplex.
The left side of the home features 4 large bedrooms and 2 full bathrooms rented to a section 8 tenant at 1300/month. This will increase to 1390/month under the new owner.
The right side of the home features a 3 bedroom/1 bathroom home currently rented to a section 8 tenant for 1120/month. This will increase to 1250/month under the new owner.
The basement has been completely finished and adds an additional 1000+ sq ft of rentable space featuring a 3 br/1 bath unit with a full kitchen. Parking is available to all tenants via shared driveways.
Additionally, there is a large storage area under the home that could be rented to the tenants or used to store owner's items.
Home will be sold AS-IS.
Location
State GA
County Richmond
Community Fleming Heights
Area Richmond (3Ri)
Direction Head East on Deans Bridge Rd off of 520, turn R onto Lumpkin Rd and turn L onto Wells Dr. The house is on the left.
Interior
Heating Heat Pump
Cooling Central Air
Exterior
Parking Features See Remarks
Building
Sewer Public Sewer
Water Public
Structure Type Brick
New Construction No
Schools
Elementary Schools Wheeless Road
Middle Schools Murphy
High Schools Josey T W Comp.
Others
Tax ID 0973177000
Acceptable Financing 1031 Exchange, Cash, Conventional
Listing Terms 1031 Exchange, Cash, Conventional
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