About 313 Ellis Street
Based on the description you provided, this duplex is located in the Olde Town neighborhood of Augusta, Georgia. This area is known for its historic charm and is a popular spot for both residents and investors.
Here's a breakdown of the key features from the description and how they relate to the Augusta real estate market:
2 bedroom / 1 bathroom units: A common and desirable size for duplexes in the area, appealing to a wide range of tenants.
Original hardwood floors and desirable floor plan: These features are consistent with the historic nature of Olde Town, which is listed on the National Register of Historic Places.
''Cash Flowing Asset'' and ''stable investment'': These are standard real estate marketing terms, but they highlight the property's potential to generate income. The fact that both units are currently leased supports this claim.
Recent upgrades (new roof, new hot water heaters, serviced HVAC): This is a significant selling point for investors, as it suggests that major capital expenditures have already been taken care of, reducing the immediate maintenance costs for a new owner.
''Priced under market value and priced to sell fast'': This is a classic sales tactic to create a sense of urgency. An investor would want to verify this claim by checking recent comparable sales in the area.
Concessions for cosmetic repairs: The offer of an allowance for paint and flooring is a good incentive. It acknowledges that while the major systems are in good shape, the property could benefit from some aesthetic updates, which is common for older homes.
