$3,525,000
MLS #: 954525

Description of 1030 Martin Luther King, Jr. Pkwy, Athens, GA 30601

City View is a popular purpose built student housing community in North Athens, just 1 mile from downtown Athens and North Campus. Gross monthly rents total $28,750, and gross annual rents totaling $345,000. Projected rents for 2017-2018 increase to $29,170 monthly, and $350,050 annually. Seller stated NOI for 2016 at $238,308. Property is listed on a 6.75% CAP. These modern houses offer popular features including: hardwood floors, polished concrete floors, granite countertops, home audio and alarm systems, covered second story patio with audio, less than 1 mile from downtown Athens and North Campus, and right across the street from the Athens Greenway. The community consists of (10) 4 bedroom, (5) 3 bedrooms, and (2) 5 bedroom units, totaling 17 units, 65 beds.

Property Features of 1030 Martin Luther King, Jr. Pkwy, Athens, GA 30601

HOME STYLE
Contemporary
TYPE
Apartments
Year Built
2008
Subdivision
City View
Community
00: In Town
Stories
2
Acres
2.46
Features
Elementary school: Stroud Elementary
Middle school: Coile
High school: Cedar Shoals
Dryer
Oven
Dishwasher
Refrigerator
Ceiling fan(s)
Central air
Central heat
Heat pump
Patio
Lot acreage is: 2.46
Subdivision: City View
Breakfast room
Vaulted ceilings
Garbage disposal
Wood floors
Concrete floors
Security system
Crawlspace
City sewer
City water
Units in building(s): 17
Property style: Contemporary
Rooms & Dimensions
Pantry
Courtesy of: College Town Properties LLC

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