5039 Mike Padgett Hwy

Augusta, GA 30906
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4 bd, 2 ba | 2,384 sqft | Built in 1973

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List Price
$260,000

Initial Investment

$70,850

Purchase Price

$260,000

Down Payment

25%

Rent

$1,870

Total Return

$151,644

Annualized Return

25.6%

Cap Rate

5.5%

Gross Yield

8.6%

Cash Flow

-$762

Appreciation

10.0%
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Features

Occupancy

Unspecified

Lease Start

-

Lease End

-

Lot Size

0

HOA

None

Flood Risk

Not Required

Enjoy simple, peaceful, outdoor living on 6.8 acres in McBean! This farmhouse has been lovingly maintained by the same family for 55 years. Six children were raised in this home and countless grands have loved coming here to visit and play under the gorgeous oaks. It feels like a park - what a special property! Originally designed as part of Piney Grove Subdivision, this parcel includes 5 lots, with road frontage on Mike Padgett Hwy, Piney Grove Rd, & Moseley Rd. You could subdivide the lots or keep them to enjoy. Have you ever heard of Harvest Hosts? There is an area already set up with septic, water, & electric that was previously used for a trailer. One additional septic tank is already in place for a total of 3. This property has income producing potential as well as the potential for multi-generational living. There is plenty of room to build a separate home for your parents or in-laws! The farmhouse was designed for practicality and the structure is very sound, solid, and energy efficient. There is a huge laundry & storage room, with additional walk-up attic storage above. Sit a while on the covered back porch and enjoy the peaceful setting. A large shop with power and covered parking is nestled at the rear of the property. No HOA gives you the freedom to enjoy your hobbies! Make an outdoor entertainment area with a pickle ball court, play ground, fire pit, hammock...truly so many possibilities. Just 20 minutes to Plant Vogtle and 30 minutes to Ft Eisenhower.

See more in Analysis
Ryan Widener
Auben Realty (GA)
GA Agent License #272313

Annual Financial Highlights

Expected Rent

$21,318

Expenses

-$3,795

Property Taxes

-$4,150

Loan Payments

-$14,135

Net Cash Flow

-$762

See more in Financials

Property Characteristics

Buyer's Agent

An experienced local, licensed real estate broker/agent will represent you in this transaction. They will negotiate on your behalf, from your first offer through closing.
  • You can contact your Agent with questions even before making an offer.
  • A professional home inspection will be conducted prior to closing.  This inspection, paid for by Roofstock, will be conducted by a Roofstock-affiliated vendor.  As soon as the report is ready, your Agent will discuss the findings with you and help with any next steps.

Property Management

Why choose?
From repairs and maintenance to communicating with tenants, our preferred property management teams protect your assets and keep things running smoothly.

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Listing Courtesy of:Mckenna Murray
Agent License 365285
Blanchard & Calhoun-scott Nixon
Certified Agent Brokerage:Ryan Widener
Auben Realty (GA)
GA Brokerage License H-62788
SourceGreater Augusta AOR
MLS #527906
Last Updated: 04/22/2024 14:04
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