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2237 Bungalow Road, Augusta, GA 30906

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For Sale
Sale Pending

$169,900

4 beds • 2 baths • 1,400 sqft

Estimated Payment

$      /mo. †

APR for 30 years

Change Loan Terms

  • Multi-Family (2-4 Units)
    Property type

  • $121.36
    Price per square foot

  • Over 50 Years Old
    Age

Explore this Property

This beautiful property is a turnkey, Housing Authority-approved duplex offering solid returns, low maintenance, and reliable tenants. Each unit features 2 bedrooms and 1 bathroom, making it an ideal setup for long-term rental income. This income-producing property brings in 1,880 dollars per month in rent (970 + 910). One unit has a brand-new 1-year lease; the other is month-to-month. Owner pays no utilities. Gross annual rent totals 22,560 dollars, with estimated yearly expenses (including taxes and insurance) at just 2,000 dollars. That results in a projected net operating income of 20,560 dollars and a strong 10.2% cap rate-a solid return for any investor. Both 700 sq ft units have been recently renovated and feature new HVAC systems and a new roof - minimizing future capital costs. Total building size is approximately 1,400 sq ft. Ideal for investors seeking strong, stable returns. This one checks all the boxes - renovated, fully leased, and cash flowing. Call now to view! This won't last long!
MLS# 545198

Courtesy Of EXP REALTY ASSOCIATES LLC

(404) 281-6350

Property Features

  • Age
    Over 50 Years Old

Map and Directions

Directions to 2237 Bungalow Road, Augusta, GA 30906

Home seller CENTURY 21 Magnolia

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CENTURY 21 Magnolia

(706) 860-0000
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Copyright © 2025 Greater Augusta Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified. Information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

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This information is provided for general informational purposes only and should not be relied on in making any home-buying decisions. School information does not guarantee enrollment. Contact a local real estate professional or the school district(s) for current information on schools. This information is not intended for use in determining a person's eligibility to attend a school or to use or benefit from other city, town or local services.

† Based on a 30-year fixed rate of 3.38% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.