12 Units | 3 Quads Stevens Creek/Watervale Multi-Family Portfolio

Highlights

• 3 Brick Quads with 9 out of 12 units leased
• Built in 1985, zoned R3C
• Located in Augusta, GA off Stevens Creek at Columbia County line
• Excellent investment opportunity for multifamily investors

Description

NOW AVAILABLE! Rare opportunity to acquire a portfolio of three brick quadplex buildings totaling 12 units, located just off Stevens Creek Road at the Richmond County / Columbia County line, just before the Watervale subdivision. The properties are addressed at 775, 777, and 779 Stevens Creek Road, an area with strong rental demand where assets of this size and configuration are rarely offered. All three quad buildings are scheduled to receive NEW ROOFS within the next few weeks, further enhancing the long-term, low-maintenance profile of the asset

Built in 1985, each quad contains approximately 4,480 SF and consists of four 2-bedroom, 1.5-bath townhome-style units, each approximately 1,120 SF. The two-story floor plans feature living areas on the main level with a half bath, dedicated laundry area with hookups, and a small screened-in porch. Two bedrooms and a full bath are located upstairs, offering functional and consistently desirable layouts.

The buildings are brick construction with composite roofs, providing durability and low-maintenance appeal. Parking is located at the rear of the property and accessed from Stevens Creek Road, while the front elevations are visible from Watervale Road.

Nine of the twelve units are currently leased, with one unit undergoing updates (seller will finish scope of renovations) and expected to be available soon. Two units are now being marketed for rent after recent renovations due to damage from Helene. Tenants pay their own utilities; water meters are shared, with most tenants billed an additional monthly water charge.

This is a rare opportunity to acquire a well-located multifamily portfolio in a highly desirable submarket. Contact the listing agent for a copy of the rent roll.

Washington Rd near I-20, head west on Washington Rd. Turn right onto Stevens Creek Rd. Continue north on Stevens Creek Rd for approx. 1 mile. The properties will be on the left at 775 Stevens Creek Rd. You will want to turn at the drive before you get to Watervale Rd. Drive is btwn 2 homes on Stevens Creek Road, follow road, you will be at the back of the 3 quads. Front is seen from Watervale Rd.

Documents