1938 Starnes Street, Augusta, GA, 30904

About This Home

Located in a desirable Harrisburg neighborhood on a block that is seeing considerable reinvestment and improvement. They are in close proximity to the Medical District and downtown. This rare four-property (1934, 1936, 1938 and 1940) investment portfolio on Starnes Street presents a strong value-add opportunity with significant income upside. All 4 properties have updated electrical panels, newer windows, vinyl siding, and three of the four homes feature newer roofs. The SFRs have long-term residents in place. The duplex, 1938 Starnes, is now vacant allowing for projected monthly gross income of 1,600+. This would provide a total gross income of 4,155 or higher for all 4 properties. The leases on each of the SFRs will expire by end of April, allowing for rent increases to further enhance returns. Offered at 389,600, this portfolio exceeds the 1% rule and provides a strategic opportunity to expand in a high-demand area experiencing growth. This duplex features 2 units with 1 bedroom and 1 bath in each unit. It has been recently renovated with LVP flooring, updated PEX plumbing and completed foundation work that comes with a transferable warranty. One unit is currently vacant, and the other unit will soon be vacated. This will allow for expected gross rent of 1,600+ per month. Property is being sold as-is with no warranties or disclosures.