$279,000
Active Under Contract
29 Days Online
10 Beds5 Baths2,163 SQFT
Active Under Contract

2885/2887 Wells Drive Augusta, GA 30906

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Back on the market and better than ever! This fantastic duplex has an updated and upgraded foundation and is now ready to be yours. This home is the perfect opportunity to own a multi-family investment property which is already generating strong cash flows of 2420/month! Under a new owner, this will increase to 2640 since section 8 rates just went up! This 2163 sqft home is currently zoned as a duplex but with the proper zoning permissions, could possibly be a triplex.The left side of the home features 4 large bedrooms and 2 full bathrooms rented to a section 8 tenant at 1300/month. This will increase to 1390/month under the new owner.The right side of the home features a 3 bedroom/1 bathroom home currently rented to a section 8 tenant for 1120/month. This will increase to 1250/month under the new owner.The basement has been completely finished and adds an additional 1000+ sq ft of rentable space featuring a 3 br/1 bath unit with a full kitchen. Parking is available to all tenants via shared driveways. Additionally, there is a large storage area under the home that could be rented to the tenants or used to store owner's items.Home will be sold AS-IS.

  • Property TypeMulti-Family
  • NeighborhoodFleming Heights
  • CountyRichmond
  • Taxes$1,021
  • HOA/Condo/Coop Fees$0
  • Days on Site29 Days
  • MLS StatusActive Under Contract
  • MLS ID Number527437
  • Home Size Source N/A
  • Year Built1952
  • Lot Size0.38 Acres
  • Full Baths4
  • Partial Baths1

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Schools

School District
Josey T W Comp.
Elementary School
Wheeless Road Elementary School
Middle School
Murphy Middle School
High School
Josey T W Comp. High School

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Monthly Payment (Est.)

$1,466
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