Renaissance Village Apartments

1901 Broad St. Augusta, GA 30904

1901 Broad St., Augusta, GA, 30904
1901 Broad St., Augusta, GA, 30904
FOR SALE
Property Type:
Senior Living (over 55 community)
Amount:
Please Call Broker for Price

Last Verified:
Apr 14, 2021

Highlights

  • 95 Units
  • 11 Buildings
  • Includes historic buildings
  • Located in three separate downtown Augusta Neighborhoods

Description

Meybohm Commercial is proud to present this Affordable Multifamily Portfolio in Augusta, Georgia. The portfolio is comprised of 11 buildings and 95 units in total in three separate historic neighborhoods in Augusta, GA: Summerville, Harrisburg, and Olde Town. The interior of the properties haven't been accessible for photos and it is assumed that they will likely need a to be determined amount of renovation. All of the units have been unoccupied for approximately one year.

The Summerville property on Wrightsboro features 20 units, 2 of those which are currently used as leasing offices. The property features an even mix of 10 one-bedroom and 10 two-bedroom units.

The Olde Town property on Broad features 16 units: 4 studio, 8 one-bedroom, and 4 two-bedroom units.

The Harrisburg property on Broad and Pearl features 59 total units, 7 studios, 7 one-bedrooms, 11 2-bedrooms, and 34 three-bedroom units.

The properties are eligible for new LIHTC tax credits, and HAP use restrictions are estimated to expire in 2035.

All three properties are located in Downtown Augusta, Georgia which in recent years has seen an influx of capital investment. Most notably, the final stage of Nathan deal campus for innovation was completed in early 2019 as the home to the Georgia cyber center, further cementing Augusta as the Southeast's Capital for Cybersecurity. Driven by the combined growth of the cybersecurity sector and the medical college, as well as investments in Plant Vogtle and Savannah River Nuclear Site, Augusta Georgia has quickly become one of the most historic and technical the cities in Southeast.


Year Built: 1891
Building Size: 92765sq ft
Lot Size: 0 acres

Map of 1901 Broad St., Augusta, GA, 30904

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What are Real Estate Incentives?

Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

Why are Real Estate Incentives Important and to Whom?

"Incentives" are vital today and in the future because:

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  • Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
  • Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.