Property Listing No Longer Available for Sale

2564 Lumpkin Road, Augusta, GA

Multi-family for Sale - $2,950,000 - 65,850 Sq. Ft. on 3.2 acres

Property Info

  2564 Lumpkin Road
  Augusta GA 30906
UpdatedJanuary 2nd, 2019
Building65,850 Sq. Ft.
Land3.2 acres

Property Description

Great opportunity to buy an apartment complex in Augusta, GA. Property has tons of upside. Rents are currently below market. Current owner is a lender who foreclosed on the property a few years ago and has put cash flows back into renovating property the majority of which has been completed. Units are in good shape and property is fully occupied. Its time to raise rental rates. Assumable loan that was just placed on the property to make it easier for a buyer to step in.

Location Description:

Excellent location in growing Augusta, GA home to Fort Gordon and the Army Cyber Command. Location is off of Lumpkin Road between Deans Bridge and Peach Orchard Roads both of which are major thoroughfares. Site is also located in close proximity to the interstate (I:520).


>> Growing Area

>> High Traffic Location

>> Upside in Rents which are below market

>> Assumable First Mortgage

>> Great Unit Mix

>> High Occupancy

>> Strong Management In Place

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