248 Broad St

Augusta, GA 30901

$1,300,000
Last Sold Price
18
Beds
11,793 Sq. Ft.
$110 / Sq. Ft.
11,793
Sq. Ft.
$110
per Sq. Ft.
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Closed 8/2/22
Closed 8/2/22
BSC
Broad Street Commons

Description

Ride the wave of a resurgent downtown Augusta to higher investment returns with this landmark property! Broad Street Commons is located in the heart of Olde Town, a short walk from the Savannah River and many of the city's most dynamic employers, entertainment venues, restaurants and museums. Broad Street Commons is a handsome collection of five early 19th century homes containing 12 residential apartment units with shared off-street parking. Property includes 234, 238, 244, 246, & 248 Broad Street....Ride the wave of a resurgent downtown Augusta to higher investment returns with this landmark property! Broad Street Commons is located in the heart of Olde Town, a short walk from the Savannah River and many of the city's most dynamic employers, entertainment venues, restaurants and museums. Broad Street Commons is a handsome collection of five early 19th century homes containing 12 residential apartment units with shared off-street parking. Property includes 234, 238, 244, 246, & 248 Broad Street. The Commons have a strong history of high occupancy and increasing rents. Broad Street Commons was honored in 2016 with a Preservation Easement held by Historic Augusta, Inc. Over 20-years of increasing rents offering a great inflation hedge
Continuously upgraded to maintain competitiveness in marketplace;
Strong occupancy history;
1031 exchange ready; Seller has additional multifamily properties available nearby
  1. Listed by Adelle Dennis • Rex Property & Land, LLC
    P: (706)-829-1381 adelle@adelledennis.com
  2. Listed by Paul King • Rex Property & Land, LLC
    P: (706)-722-4962 C: (706)-829-7034 paulking@rexgroup.com

Property Details for 248 Broad Street

Subdivision Name
Old Towne
LISTING CLOSED: 08/02/2022 12:00 AM

Property Details for 248 Broad Street

StatusClosed
MLS #500726
Days on Market110
Taxes-
HOA Fees-
Condo/Co-op Fees-
Property TypeMulti Family
MLS TypeResidential Income / Multi Family
Year Built1921
Lot Size0.69 AC / 30,056 SF
CountyRichmond County
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Location

Listing Courtesy of Rex Property & Land, LLC, Adelle Dennis; Rex Property & Land, LLC, Paul King

Sold By Rex Property & Land, LLC, Adelle Dennis; Rex Property & Land, LLC, Paul King

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Building Information for 248 Broad Street

Stories-Residences12Year Built1921Building Size-Lot Size0.69 AC / 30,056 SF

Payment Calculator

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$7,642 per month

30 year fixed, 6.36% Interest

Principal and Interest

$6,478

Property Taxes

$1,164

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

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Property Information for 248 Broad Street

Summary
Location and General Information
  • Directions: In the heart of historic Olde Town on the prominent promenade of Broad Street with its park-like tree lined median
  • Latitude: 33
  • Longitude: -82
  • M L S Area Major: Richmond (2RI)
  • M L S Area Minor: Richmond (2RI)
Taxes and HOA
  • Parcel Number: 0472220000
School Information
  • Elementary School: Lamar
  • High School: Lucy Laney
  • Middle Or Junior School: Hornsby WS
Parking
  • Parking Features: Parking Pad, See Remarks
Property
Lot Information
  • Building Area Total: 11793.0
  • Lot Size Acres: 0.69
  • Lot Size Area: 0.69
  • Lot Size Square Feet: 30056.4
  • Lot Size Dimensions: 10x10
  • Lot Size Units: Acres
  • Living Area Source: Public Records
Property and Assessments
  • Deed Book And Page: 1230 1140
  • Appraiser: Vann Appraisal
  • New Construction: No
  • Possession: See Remarks
  • Property Sub Type: Multi Family
  • Property Type: Residential Income
  • Year Built: 1921
  • Permitted Use: Public
Utilities
  • Sewer Provider: Public Sewer
  • Water Source: Public
Interior and Exterior Features
Exterior Features
  • Construction Materials: Other
  • Community Features: Bike Path, Boat Ramp, Park, Playground, Sidewalks, Walking Trail(s), Other, See Remarks
Interior Features
  • Bathrooms Total Source: MLS
  • Bathrooms Total Decimal: 16.0
  • Bathrooms Total Notational: 16.0
  • Bathrooms Full: 16
  • Bathrooms Total Integer: 16
  • Bedrooms Total: 18
  • Cooling: Ceiling Fan(s), Central Air
  • Heating: Electric, Heat Pump, Natural Gas, See Remarks
Multi Family
Multi Family Information
  • Number Of Units Total: 12
Unit Information
Unit 1
  • Unit Type Area: 2208.0
  • Unit Type Num Full Baths: 4
  • Unit Type Unit Num: 244
  • Unit Type Area Units: Square Feet
  • Unit Type Actual Rent: 2585.0
  • Unit Type Beds Total: 4
Unit 2
  • Unit Type Area: 2048.0
  • Unit Type Num Full Baths: 4
  • Unit Type Unit Num: 248
  • Unit Type Area Units: Square Feet
  • Unit Type Actual Rent: 2010.0
  • Unit Type Beds Total: 4
Unit 3
  • Unit Type Area: 1657.0
  • Unit Type Num Full Baths: 2
  • Unit Type Unit Num: 234
  • Unit Type Area Units: Square Feet
  • Unit Type Actual Rent: 1645.0
  • Unit Type Beds Total: 2
Unit 4
  • Unit Type Area: 2860.0
  • Unit Type Num Full Baths: 3
  • Unit Type Unit Num: 238
  • Unit Type Area Units: Square Feet
  • Unit Type Actual Rent: 2905.0
  • Unit Type Beds Total: 4
Unit 5
  • Unit Type Area: 1924.0
  • Unit Type Num Full Baths: 3
  • Unit Type Unit Num: 246
  • Unit Type Area Units: Square Feet
  • Unit Type Actual Rent: 2050.0
  • Unit Type Beds Total: 4
Agent
Sale and Listing
  • Sold Exclusive: No
Rental
Rent Information
  • Tenant Pays: Cable TV, Electricity, Gas

Property History for 248 Broad Street

DateEvent & SourcePriceAppreciation
Aug 2, 2022

Sold

NCRMLS #500726

$1,300,000—
Jul 29, 2022

Sold (Public Record)

Public Record #1496159657

$1,300,000—
Jul 29, 2022

Sold (Public Record)

Public Record #1932015947

$1,300,000—
DateEvent & SourcePrice
08/02/2022

Sold

NCRMLS #500726

$1,300,000
07/29/2022

Sold (Public Record)

Public Record #1496159657

$1,300,000
07/29/2022

Sold (Public Record)

Public Record #1932015947

$1,300,000

For completeness, we often displays two records for one sale: the MLS record and the public record.

Public Records for 248 Broad Street

Taxable ValueLand$9,528Additions$473,088Total$482,616
Tax Record2025$13,968 ($1,164 / month)
Home Facts
Beds18Baths11Total Finished SqFt10,770 SqFtAbove Grade Finished SqFt10,770 SqFtStories1Lot Size30,056 SqFtStyleSingle Family ResidenceYear Built1918ZoningR-3BCountyRICHMONDAPN047-2-220-00-0Fireplace TypeHas Fireplace

Schools near 248 Broad Street

This home is within Richmond County School District.
Rating
School
Type
Grades
Distance
W.S. Hornsby Elementary School
Public - PK to 5
W.S. Hornsby K-8 School
Public - 6 to 8
Johnson Magnet
Public - 6 to 12
Laney High School
Public - 9 to 12
Rating
School
Distance
W.S. Hornsby Elementary School
PublicPK to 5

W.S. Hornsby K-8 School
Public6 to 8

Johnson Magnet
Public6 to 12

Laney High School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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Listing Courtesy of Rex Property & Land, LLC, Adelle Dennis; Rex Property & Land, LLC, Paul King

Based on information from one of the following Multiple Listing Services:FMLS,FMLS_CS,GAMLS,Middle GA MLS,Columbus Board of REALTORS, Northeast Georgia Board of REALTORS.Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by FMLS,FMLS_CS,GAMLS, Middle GA MLS,Columbus Board of REALTORS, Northeast Georgia Board of REALTORS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.