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North Augusta Apartments North Augusta Apartments

Property Overview

Price/Rent PSF $ 728,000.00
Asset Type Multifamily
Trade Type Sale
SQ. FT. Available 15,000
Date Available 05/22/2019
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Description

Location
North Augusta, SC near downtown and very close proximity to tons of retail growth and the new Minor League baseball complex. Close to border with Downtown Augusta, GA which has had a ton of growth and demand for more multifamily due to the cyber security industry growth. Apartments are located in a mature residential area close to retail and shopping. This is an A+ location for multifamily with significant barriers to entry.

Sale
14 Unit Multifamily Deal. 12 units are 2br 1.5ba and 2 units are 3br 2ba. Excellent location in high growth area of North Augusta, SC. Current rents are way below market rate and the property has been mismanaged. This is a great opportunity to get a multifamily deal with tons of upside in a quickly growing market with a high level of rent growth. Most comparable units sell for 55-60k per unit. All units are individually metered for water so landlord has no utility responsibility except on unit turns.

Location

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