This property has sold.

Details: Multifamily

Asking Price: $2,350,000

Square Feet: 23,838 SF

Year Built: 1986

SOLD – 40 Units Next to Fort Gordon

3682 Deans Bridge Rd, Hephzibah, GA 30815

•40 units right outside of Fort Gordon

•This is a value-add hotel to apartment conversion opportunity in Augusta, GA.

•The property is currently operated as a hotel where they run about a 50% occupancy rate throughout the year.

•Augusta is the second largest city in Georgia and is home to Fort Gordon.

•Fort Gordon has approximately 16,000 service members (including active duty, national guard and reserve) and another 9,000 civilian employees. The installation supports a population of roughly 80,000, including military Families, contractors, retirees and others.

•It was originally constructed as an apartment complex and each unit has washer/dryer hookups and is separately metered for electricity and gas. Each building is separately metered for water

•Located one mile from Fort Gordon Gate on Highway 1/Deans Bridge Road and situated between easy highway access, entertainment, schools, food and groceries.

•Traffic count of over 20,000 on Highway 1/Deans Bridge Road.

•In addition to the 40 units, there is an office, laundry room and storage shed on site.

This property has sold.