Property 7554746

10 Acres in Clarke County

150 Lexington Heights Drive Athens GA 30605  |  Clarke County, GA
  • $3,700,000
  • 10 acres

  • Save
  • Share
Listing Status: Active
Listing Type: Sale
Property Type(s):
MLS ID: AAARGA
Irrigated: No
Residence: No
Property ID: 7554746

Property Description

Unique Opportunity to own income producing multi-family properties in Athens, GA. 27 Duplex Buildings with 54 units. Located 3 miles from UGA Campus,2 miles from Downtown Athens. Tenants are current with stable rental history. 34 of the units are renovated, 3 in process. Many units have new metal roofs, complete interior renovations. High demand location and no vacancies on renovated units. Lease rates range from $475-$725/unit. Cap rate of 6.51% on NOI of $240,713. Upside potential with market rents established.

Copyright 2019 Athens Area 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.

Property Map


Contact Seller

Robert Jahn

Cardinal Real Estate Advisors

(706) 340-3311 (work)

  Sending Email...
Your message has been sent to the seller.

Send another message?


Similar Properties In Clarke County

Contact Seller

Robert Jahn

Cardinal Real Estate Advisors

(706) 340-3311 (work)

  Sending Email...
Your message has been sent to the seller.

Send another message?