East Athens Multifamily Portfolio
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East Athens Multifamily Portfolio
12 Properties Offered at $1,460,000 in Athens, GA
INVESTMENT HIGHLIGHTS
- New roofs were installed in 2022
EXECUTIVE SUMMARY
This value-add multifamily opportunity consists of one single family house, 6 duplexes, and 5 vacant lots. The single-family home at 1995 Lexington Road has 3 bedrooms and 1.5 bathrooms with a carport and fenced in yard. 1995 Lexington Road has access from Lexington Road as well as Mabry Dr. Each duplex is 1 bedroom and 1 bathroom, several boasting carports. New roofs were installed in 2022, Periodic upgrades have been made, and most units have LVP flooring. Most of the tenants have been in place for several years and most leases are month-to-month.
The five vacant lots are all sized within the .46 - .49 acres range and are also zoned RS-5, which brings potential development opportunity with additional single-family structures.
These 13 parcels are located just off of Lexington Road in East Athens approximately 2 miles from downtown Athens and 1 mile from the Loop-10 interchange. All properties are contiguous, and most duplexes and vacant lots share a dead-end road. Not far from the properties sits the Athens Ben Epps Airport property.
The five vacant lots are all sized within the .46 - .49 acres range and are also zoned RS-5, which brings potential development opportunity with additional single-family structures.
These 13 parcels are located just off of Lexington Road in East Athens approximately 2 miles from downtown Athens and 1 mile from the Loop-10 interchange. All properties are contiguous, and most duplexes and vacant lots share a dead-end road. Not far from the properties sits the Athens Ben Epps Airport property.
PROPERTY FACTS
| Price | $1,460,000 | Number of Properties | 12 |
| Price / SF | $166.78 / SF | Individually For Sale | 0 |
| Sale Type | Investment | Total Building Size | 8,754 SF |
| Status | Under Contract | Total Land Area | 2.79 AC |
| Price | $1,460,000 |
| Price / SF | $166.78 / SF |
| Sale Type | Investment |
| Status | Under Contract |
| Number of Properties | 12 |
| Individually For Sale | 0 |
| Total Building Size | 8,754 SF |
| Total Land Area | 2.79 AC |
PROPERTIES
| PROPERTY NAME / ADDRESS | PROPERTY TYPE | SIZE | YEAR BUILT | INDIVIDUAL PRICE |
|---|---|---|---|---|
| 13 Hollis St, Athens, GA 30605 | Multifamily | 1,264 SF | 1970 | - |
| 15 Hollis St, Athens, GA 30605 | Multifamily | 1,264 SF | 1975 | - |
| 16 Hollis St, Athens, GA 30605 | Multifamily | 1,264 SF | 1975 | - |
| 17 Hollis St, Athens, GA 30605 | Multifamily | 1,264 SF | 1975 | - |
| 10 Hollis St, Athens, GA 30605 | Land | 0.47 AC | - | - |
| 11 Hollis St, Athens, GA 30605 | Land | 0.48 AC | - | - |
| 18 Hollis St, Athens, GA 30605 | Land | 0.46 AC | - | - |
| 19 Hollis St, Athens, GA 30605 | Land | 0.46 AC | - | - |
| 20 Hollis St, Athens, GA 30605 | Land | 0.49 AC | - | - |
| 12 Hollis St, Athens, GA 30605 | Multifamily | 1,264 SF | 1975 | - |
| 14 Mabry Dr, Athens, GA 30605 | Multifamily | 1,264 SF | 1975 | - |
| 1995 Lexington Rd, Athens, GA 30605 | Multifamily | 1,170 SF | 1961 | - |
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East Athens Multifamily Portfolio
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