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2907 Jackson St
Augusta, GA 30906
Park South · Multifamily Property For Sale
·
87 Units
Investment Highlights
- Proven Value-Add Opportunity
- Additional Room to Bolster NOI
- Easy Access to Jobs & Fort Eisenhower
- Substantial Capital Improvements
- Centrally Located
- Augusta’s Booming Economy
Executive Summary
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 87-unit Park South duplex community located in Augusta, Richmond County, Georgia. This asset is situated in South Augusta, close to major retail and restaurant corridors as well as immediate access, via I-520, to over 50K Downtown employment opportunities and 25K Fort Eisenhower’s jobs. Built in 1950, Park South has received over $1.9M in capex injected into the property including roof replacement/repair, exterior paint, landscaping, and interior upgrades. The asset provides an outstanding opportunity to invest in a proven value-add asset currently achieving rental premiums over $380 on renovated units.
Property Facts
| Sale Type | Investment | Lot Size | 11.86 AC |
| No. Units | 87 | Building Size | 62,925 SF |
| Property Type | Multifamily | Average Occupancy | 97% |
| Property Subtype | Apartment | No. Stories | 1 |
| Apartment Style | Single-Family Home | Year Built | 1950 |
| Building Class | C | Parking Ratio | 2.77/1,000 SF |
| Zoning | R-1E - One-Family Residential | ||
| Sale Type | Investment |
| No. Units | 87 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Single-Family Home |
| Building Class | C |
| Lot Size | 11.86 AC |
| Building Size | 62,925 SF |
| Average Occupancy | 97% |
| No. Stories | 1 |
| Year Built | 1950 |
| Parking Ratio | 2.77/1,000 SF |
| Zoning | R-1E - One-Family Residential |
Amenities
Unit Amenities
- Air Conditioning
- Washer/Dryer Hookup
- Ceiling Fans
- Hardwood Floors
- Oven
- Range
- Tub/Shower
Site Amenities
- 24 Hour Access
- Picnic Area
- Walking/Biking Trails
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 34 | - | 600 |
| 2+1 | 41 | - | 800 |
| 2+1.5 | 9 | - | 800 |
| 3+1 | 1 | - | 875 |
| 3+1.5 | 2 | - | 800 - 850 |
Property Taxes
| Parcel Numbers | Improvements Assessment | $3,838,615 CAD | |
| Land Assessment | $212,102 CAD | Total Assessment | $4,050,717 CAD |
Property Taxes
Parcel Numbers
Land Assessment
$212,102 CAD
Improvements Assessment
$3,838,615 CAD
Total Assessment
$4,050,717 CAD
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