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214 Ellis St

4 Unit Apartment Building Offered at £396,915 at a 9.27% Net Initial Yield in Augusta, GA 30901

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Investment Highlights

Close to Augusta University and Medical College of Georgia

Affordable housing

Executive Summary

Multi-Family Investment Opportunity in Augusta, Georgia! This versatile multi-family property offers a prime opportunity for investors in the heart of Augusta, GA. Featuring four total units, this property provides excellent rental income potential: • Units 214 A & B: 1 bedroom, 1 bathroom each • Units 216 A & B: 2 bedrooms, 1 bathroom each Whether catering to singles, couples, or small families, this property is ideal for meeting a variety of tenant needs. The efficient layouts and practical designs ensure high occupancy rates, making it a solid investment for long-term income generation.

FS-ELLIS

Financial Summary (Actual - 2024)	Annual	Annual Per SF
Gross Rental Income	£36,796	£9.40
Other Income	-	-
Vacancy Loss	-	-
Effective Gross Income	£36,796	£9.40
Net Operating Income	-	-

Financial Summary (Actual - 2024)

Gross Rental Income
Annual	£36,796
Annual Per SF	£9.40

Other Income
Annual	-
Annual Per SF	-

Vacancy Loss
Annual	-
Annual Per SF	-

Effective Gross Income
Annual	£36,796
Annual Per SF	£9.40

Net Operating Income
Annual	-
Annual Per SF	-

Property Facts

Price	£396,915	Property Type	Residential Apartment Buildings
Price Per Unit	£99,229	Lot Size	0.27 AC
Sale Type	Investment	Building Size	3,915 SF
Net Initial Yield	9.27%	Number of Floors	2
Sale Conditions	Portfolio Sale	Year Built	1918
No. Units	4	Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.

Price	£396,915
Price Per Unit	£99,229
Sale Type	Investment
Net Initial Yield	9.27%
Sale Conditions	Portfolio Sale
No. Units	4
Property Type	Residential Apartment Buildings
Lot Size	0.27 AC
Building Size	3,915 SF
Number of Floors	2
Year Built	1918
Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.