$4,066,000
MLS #: 960987

Description of 150 Lexington Heights, Athens, GA 30605

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. 29 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% on actual NOI of $244,000. Upside potential with market rents established.

Property Features of 150 Lexington Heights, Athens, GA 30605

TYPE
Commercial Sale
Year Built
1973
Subdivision
No Recorded Subdivision
Community
03:East Athens/Clarke Co.
Stories
1
Acres
10
Features
Washer
Dryer
Oven
Dishwasher
Heat pump
Parking spaces: 2
Brick exterior
Lot acreage is: 10
Subdivision: No Recorded Subdivision
Vinyl flooring
Crawlspace
City sewer
City water
Units in building(s): 54
Courtesy of: Cardinal Real Estate Advisors

Homes for Sale Nearby 150 Lexington Heights, Athens, GA 30605

Recent Sales Nearby 150 Lexington Heights, Athens, GA 30605



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