3909 Roberts Rd Augusta, GA 30907
- Apartment buildings
- 1.00 lot acres
Current Use by Public Records
- Apartment buildings
Property Details for 3909 Roberts Rd
- Lot size
- 1.00 lot acres
- Property type
- Apartment buildings
Description
This exceptional 8-unit multifamily property in Augusta, Georgia presents a compelling investment opportunity. Located on a one-acre lot at 3909 Roberts Rd, 30907, this well-maintained complex comprises four two-story buildings, each housing two units. Currently boasting 100% occupancy with long-term tenants, the property offers a strong pro-forma NOI of $111,360 and a 7.42% cap rate at an asking price of $1,500,000 ($187,500 per unit). Each unit features individual electric HVAC and water heaters, many still under warranty, and separate electric meters. The property benefits from its prime location near Columbia County's retail core, conveniently situated off Washington Road. This area is experiencing significant growth fueled by the expansion of Fort Gordon and its highly-rated school district, making it a highly desirable rental market. Current rental rates are below market, presenting an immediate opportunity to increase revenue. This Core+ investment is a rare find in a thriving market. The property's strong performance and location make it an ideal addition to any portfolio.
Value Estimation
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Augusta
- County
- Columbia
- State
- Georgia
- Longitude
- -82.0974
- Latitude
- 33.5116
