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Sold for $279,000
  • $279,000

    2885/2887 Wells Drive, Augusta, GA 30906

    10beds
    5baths
    2,163sqft
    Duplex
    Built in 1952
    -- sqft lot
    $306,100 Zestimate®
    $129/sqft
    $1,504 Estimated rent

    Home value

    $306,100

    $275,000 - $340,000

    $1,504/mo

    Zestimate® history
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    $1,742/mo

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    What's special

    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.

    Zillow last checked:

    Listing updated:

    Listed by:

    Jonathan Murphy,

    Auben Realty, LLC

    Bought with:

    Jennifer Thomas, 423932

    Meybohm Real Estate - Evans

    Source: Hive MLS,MLS#: 98205142MLS LogoOriginating MLS: REALTORS® of Greater Augusta

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 10
    • Bathrooms: 5
    Heating
    • Heat Pump
    Cooling
    • Central Air
    Interior area
    • Total structure area: 2,163
    • Total interior livable area: 2,163 sqft

    Property

    Parking
    • Parking features: See Remarks
    Lot
    • Size: 0.38 Acres
    • Dimensions: 89 x 184
    Details
    • Parcel number: 0973177000

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Duplex
    Materials
    • Brick
    Condition
    • New construction: No
    • Year built: 1952

    Utilities & green energy

    • Sewer: Public Sewer
    • Water: Public
    • Utilities for property: Cable Available

    Community & HOA

    Community
    • Security: Smoke Detector(s)
    • Subdivision: Fleming Heights
    Location
    • Region: Augusta

    Financial & listing details

    • Price per square foot: $129/sqft
    • Annual tax amount: $1,021
    • Date on market: 5/22/2024
    • Cumulative days on market: 11 days
    • Listing agreement: Exclusive Agency
    • Listing terms: Cash,Conventional,1031 Exchange

    Price history

    DateEventPrice
    7/2/2024Sold$279,000$129/sqft
    Source: Hive MLS #98205142 Report a problem

    Public tax history

    Tax history is unavailable.

    Neighborhood: Richmond Hill

    Nearby schools

    GreatSchools rating
    Schools provided by the listing agent
    • Elementary: Wheeless Road
    • Middle: Murphy

    Source: Hive MLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.

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    Sell for more on Zillow
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    $306,100
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    +$6,122
    With Zillow Showcase(estimated)
    $312,222