305 1ST Street

Description

Here is your chance to own two FULLY LEASED duplexes & a separate storage building on one parcel on the corner of Ellis Street and First Street, located in Downtown Augusta, in the Olde Town neighborhood. The duplex at 305 First Street was built in 1953. This duplex features a brick & siding exterior with 2 units that are each 2 bedroom & 1 bath with laundry hookups. Both units were turned before current tenants signed leases. Unit A is rented for $1050 w/ $40 charge for water (lease exp. 1/31/23). Unit B is rented for $1025 w/ $40 charge for water (lease expansion 4/30/23). Both tenants are in a lease and pay their own utilities. The property is separately metered for gas and electric, and common metered for water.The other duplex is 104 Ellis Street & was built in 1921. This duplex features a front porch with siding for easy exterior maintenance. This property recently had a NEW roof installed & is also fully leased. Unit A is 1 bed/1 bath. The tenant pays $750 & is in a lease through 7/31/22. The other side is 106 Ellis. This is also a 1 bed/1 bath unit. Tenant pays $735 & $25 monthly water charge. Tenants lease will expire on 8/31/22. This property is separately metered for gas and electric, and common metered for water.There is off street parking at 305 First Street & behind the storage building that is on the corner. The storage building is being sold-as & is a great opportunity to offer your tenants extra storage space or be used as anything else you may need as an investor & property owner- use your imagination. The building has its own utilities and is being sold as-is. All units are leased with tenants, so please DO NOT disturb tenants. Storage building is vacant. This property cannot be split apart. Check out the 3D tour and floor plans for additional details.