Photo 1 of 24
$385,000
Sold on 5/21/21
Beds |
Baths |
Sq. Ft. |
Taxes |
Built |
|
0.00 |
0 |
$2,810 |
1983 |
On the market:
69 days
|
View full details, 15 photos, school info, and price history
RARE 4 Unit Value Add Apartment Building Available for Sale in Athens,GA. Building is a Quadplex with 8BR 8BA 4,256 sq ft, Built 1983. Each unit is large 1,200sq ft 2BR 2BA roommate style floor plan. Each unit is separately metered and tenants are responsible for all utilities. Recent updated exterior full building paint, decks, siding, tree removal etc. Each interior has central heating and cooling. Some HVAC systems are new as of 2020. Two units are already fully remodeled. Value add play here is remodel remaining two interiors and increase rents to market pricing. 2 Units Currently rent for $725/Month Tenants are long term Month to Month 2 renovated units are rented at $1000/Month year lease. Strategy here is to renovate all remaining units to maximize cash flow.
Listing courtesy of Paga Kamarhie, Drake Realty of GA, Inc.