353-355 Telfair Street, Augusta, GA

$499,000

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9,527

Square feet

0.31

Acres

About 353-355 Telfair Street

Get in on downtown Augusta's ascendance with this value-add property project with preliminarily approved plans to convert to thirteen modern units: nine studios and four traditional apartments, with shared off-street parking. Telfair Square Studios & Apartments is in two contiguous historic buildings located in the heart of the community of Olde Town, with the much loved Fox's Lair and Olde Town Inn next door and Heritage Academy a block away, only a short walk from the Savannah River and many of the city's most dynamic employers, entertainment venues, restaurants and museums. Once part of the Telfair Inns complex, the existing buildings consist of inn suites with bathrooms and a couple of larger apartments. Three currently occupied apartments with full kitchens and laundry are leased month-to-month. Schematic plans show how one of the buildings can be rehabbed into nine very nice modern studio units. Ask about similar conversions in the block with a strong history of high occupancy and increasing rents. A seller is licensed real estate broker and is related to listing agent. Seller requires proof of funds or financing approval to schedule appointments. Tenants must be given at least 24 hours notice to view occupied units. Opportunity zone; 1031 exchange ready; qualifies for historic preservation easement which Seller will initiate prior to closing. Invest in Augusta's future while preserving a beautiful piece of its history!

Features of 353-355 Telfair Street

MLS® # 522204
Price $499,000
Square Footage 9,527
Acres 0.31
Year Built 1896
Type Multi-Family
Sub-Type Multi Family
Status Active Contingency

Community Information

Address 353-355 Telfair Street
Area Richmond (2RI)
Subdivision Old Towne
City Augusta
County Richmond
State GA
Zip Code 30901

Amenities

Amenities Park, Playground, Street Lights, See Remarks, Sidewalks, Walking Trail(s)
Parking Parking Pad, See Remarks

Interior

Heating See Remarks
Cooling See Remarks

Exterior

Lot Description 0x0
Construction Brick, Other

School Information

Elementary Hornsby
Middle Hornsby WS
High Lucy Laney

Additional Information

Short Sale No
RE / Bank Owned No

Listing Details

OfficeRex Property & Land, Llc

Listing Map

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