2237 Bungalow Rd, Augusta, GA 30906

Property Description

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!