Looking for your new investment opportunity? Now available are 7 fully leased units in the Medical District in Augusta, GA. Built in 1983, this U-shaped, single-story brick apartment building has 4 units that are accessed from Cleveland Street and 3 units accessed by Gretter Lane. There is parking available in front of all units.
The unit mix is 2, 1 bedroom and 1-bathroom apartments and 5, 2 bedrooms and 1-bathroom apartments. Each apartment is separately metered for electricity and water, allowing tenants to pay for all their own utilities which is great for landlords and owners. Updates have been made to the units over the past couple of years, like new paint, LVT or new carpet, updated appliances in some units and more. Other amenities in each unit include, eat-in kitchen, dishwasher, garbage disposal and multiple closets throughout the apartment.
All tenants are in a current lease but investors can continue to add value and upgrades to units with adding washer and dryer connections to allow for higher rents, either with Section 8 housing or using as student housing due to close proximity to Paine College or medical schools. Now is your chance to own this prime location off Walton Way and located close to the Medical District, as this area continues to change and grow.
Sold for $555,000 on 10/14/24
$555,000
1638 Cleveland St, Augusta, GA 30904
12beds
4,602sqft
Multi Family
Built in 1983
-- sqft lot
$582,800 Zestimate®
$121/sqft
$1,508 Estimated rent
What's special
Zillow last checked: 7 hours ago
Listing updated: December 29, 2024 at 11:34am
Listed by:
Danielle Meikrantz 706-284-8359,
Meybohm Commercial Properties
Bought with:
Non Member
Non Member Office
Source: REALTORS® of Greater Augusta,MLS#: 532083

Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 12
- Bathrooms: 7
- Full bathrooms: 7
Interior area
- Total structure area: 4,602
- Total interior livable area: 4,602 sqft
Property
Parking
- Parking features: See Remarks, Other
Lot
- Size: 0.25 Acres
- Dimensions: 134' x 80'
Details
- Parcel number: 452103000
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Brick
Condition
- New construction: No
- Year built: 1983
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & neighborhood
Location
- Region: Augusta
- Subdivision: None-1ri
Other
Other facts
- Listing terms: Cash,Conventional
Services availability
Sell for more on Zillow
Get a free Zillow Showcase℠ listing and you could sell for .
$582,800
2% more+ $11,656
With Zillow Showcase(estimated)
$594,456