216 Greene St Augusta, GA 30901-4654

Property Details for 216 Greene St

Year built

1911

Lot size

0.31 lot acres

Property size

3,340 SF

Zone code

R-3B

Property type

Commercial land

APN

047-4-116-00-0

APU

474116000

Description

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.

Location Insight

City

Augusta

County

Richmond

State

Georgia

Longitude

-81.9531

Latitude

33.4682

CBSA code

12260

CBSA name

AUGUSTA-RICHMOND COUNTY, GA-SC METROPOLITAN STATISTICAL AREA

Property Tax & Assessments