All Forum Posts by: Jaime Powell

@Mitch Messer - sure thing. Thanks for your reply. Price for this property is based on recently sold comps in the area and the condition of the property. 107 Ellis has had both units renovated completely.

The rent you see is below market rent on a few of their units as their strategy with good tenants is longevity vs. keeping pace with market rent and spending money on turns every year. 

For 107 Ellis - The market rent for these units should be around $900 or a little above. Section 8 rent in Augusta for a 1 br. is up to $880. This property could be a solid section 8 rental and has passed for section 8 inspection recently. 

If you look at 1926 Howard - Market rent for the main house should be in the range of $1350-1450. The location of that property would even lend itself to midterm or short term tenants, which would increase rent potential. It is only 1-2 miles from the hospital downtown and the medical college. The studio apartment will probably max out at $800.

2251 Central - Market rent for A and C should be in the range of $1100/unit, then $850-900 for unit B. 

Hi @Allen Higbee! Welcome to Augusta! I’m a realtor here in Augusta, and I’ve lived here for 16 years. Our city has changed a lot in that time, especially in terms of population growth. This makes Augusta a pretty popular place to invest for out of state and even out of country investors. Most are paying cash, so you’re absolutely correct that you need to have a good strategy going in as a buyer. Please let me know if I can assist. I’ve represented several out of state buyers, and even one out of country buyer, who purchased investment properties here without seeing the property first. 

When making offers, it really comes down to the seller and what will motivate them to sell. Do they need to sell quickly? Are they just looking to get the highest price? Do they want the least amount of hassle? All of those questions can help your agent structure an offer that will be competitive against others. 

Let me know if I can assist! 

Hello, @Romard Palmer! I’m an Augusta, GA agent with 3 multifamily units currently listed. They’re listed by a client who also runs her own PM company in the area. They’re great to work with! Please let me know if I can assist you in any way either by introducing you to the owner of the PM company so you can learn more about their services and/or help you as an agent in the process of purchasing multifamily units. 

Hi @Dion Linton - I have a portfolio listed in Augusta, GA. They’re listed separately at the moment, but the seller will sell as a portfolio. 

I just posted about it here: https://www.biggerpockets.com/forums/311/topics/1208982-mult...

The 3 properties are all listed separately but would certainly sell as a portfolio. 

Augusta, GA’s housing market has remained strong and steady through the ups and downs nationwide due to our large military base, Ft. Eisenhower, that has been rapidly expanding, the Savannah River Nuclear Site, the Medical College of GA, 5 hospitals bringing in residents and travel nurses, AND the newly announced Meta AI Data Center coming to Aiken, SC (right across the river). 

2251 Central Avenue - 3-Plex. Newer roof (2019) and newer water heaters and HVAC. Units are metered separately for gas and electric. Common meter for water. Rent for units A and C are below market and have room to increase. The current owner’s strategy has been longevity with good tenants vs. raising the rent to keep pace with market pricing. 

Unit A - 2 bed 1 bath, recently updated. - Listing this unit now for $1100 with a $50 water fee. 

Unit B - 1 bed 1 bath, recently updated - occupied $850, $50/month water fee. Lease renews 08/2025

Unit C - 2 bed 1 bath, not updated - occupied with very long-term tenant (several years) - rent is currently $710 - month to month. Excellent tenant.

1926 Howard Ave - Single Family Home with studio apartment behind the house 

Unit A - Main House 3 bed 2 bath - occupied by same tenant since 2021. Lease expires 03/2025. $1080

Unit B - Studio apartment - vacant and will list this week for $750-850. Waiting on owner decision. 

107 Ellis st. - Duplex

Unit A - 1 bed 1 bath - Updated water heater, flooring in kitchen, kitchen counters, appliances, and bathroom. $875 - Vacant and just listed. 

Unit B - 1 bed 1 bath - Updated water heater, flooring in the whole unit, kitchen and bathroom. $850. Occupied - lease expires 03/2025

@Simmy Ahluwalia - Thanks for the info! I would love to connect to talk through some options for this client and others. 

I have a client interested in a property with 11 units, and he's looking for a commercial loan. The issue is he needs one with 10% down vs. the 20% that we're finding, if that exists. Any suggestions? The property is in Augusta, GA. Thanks!

Hello! I am an investor friendly real estate agent in Augusta, GA! I love working with investors, and Augusta seems to be a pretty popular place for investors at the moment! I am learning a lot about creative financing strategies through BiggerPockets, and I think it is helping open up some new possibilities for my clients that wouldn't have been possible otherwise. I would love to connect!

Hi Todd! I am originally from the Marietta/Kennesaw area! My husband and I relocated to Augusta, GA in 2009, but I still like visiting "home" as much as I can. It has grown so much since I lived there. Good luck starting your real estate journey!