Multifamily
The Lofts at Baker
1328 Baker Ave, Augusta, GA 30904
Listing Price: $2,200,000
Investment Overview
Marcus & Millichap is pleased to present for sale The Lofts at Baker. The property presents investors with the opportunity to acquire a recently renovated 20-unit multifamily asset located in the Midtown submarket of Augusta, Georgia. The property consists entirely of two-bedroom, one-bathroom units, each featuring washer and dryer hookups, a valuable amenity that supports tenant retention and rental competitiveness within the local market.
Currently operating at approximately 95% occupancy, the property offers immediate in-place cash flow with additional upside through lease-up and continued operational efficiencies. Recent renovations reduce near-term capital expenditure requirements and position the asset competitively against other workforce housing options in the area.
Strategically located near Augusta’s Medical District, Downtown Augusta, and Augusta University, the property benefits from consistent rental demand generated by healthcare professionals, university students, and service-sector employees seeking convenient and affordable housing.
The Lofts at Baker
Investment Highlights
- 20-unit multifamily property consisting entirely of two-bedroom, one-bathroom apartments
- Recently renovated asset with modern interior upgrades and improved property condition
- Currently operating at approximately 95% occupancy, providing strong in-place income with upside through full stabilization
- Washer and dryer hookups in every unit, a highly desirable amenity that enhances tenant convenience and retention
- Located within Augusta's Midtown corridor, minutes from the Medical District, Downtown Augusta, and Augusta University
- Attractive workforce housing investment positioned near major employment centers, universities, and retail amenities
Exclusively Listed By
Financing By
Listing Price: $2,200,000
Investment Highlights
- 20-unit multifamily property consisting entirely of two-bedroom, one-bathroom apartments
- Recently renovated asset with modern interior upgrades and improved property condition
- Currently operating at approximately 95% occupancy, providing strong in-place income with upside through full stabilization
- Washer and dryer hookups in every unit, a highly desirable amenity that enhances tenant convenience and retention
- Located within Augusta's Midtown corridor, minutes from the Medical District, Downtown Augusta, and Augusta University
- Attractive workforce housing investment positioned near major employment centers, universities, and retail amenities
Investment Overview
Marcus & Millichap is pleased to present for sale The Lofts at Baker. The property presents investors with the opportunity to acquire a recently renovated 20-unit multifamily asset located in the Midtown submarket of Augusta, Georgia. The property consists entirely of two-bedroom, one-bathroom units, each featuring washer and dryer hookups, a valuable amenity that supports tenant retention and rental competitiveness within the local market. Currently operating at approximately 95% occupancy, the property offers immediate in-place cash flow with additional upside through lease-up and continued operational efficiencies. Recent renovations reduce near-term capital expenditure requirements and position the asset competitively against other workforce housing options in the area. Strategically located near Augusta’s Medical District, Downtown Augusta, and Augusta University, the property benefits from consistent rental demand generated by healthcare professionals, university students, and service-sector employees seeking convenient and affordable housing.
Exclusively Listed By
Financing By
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