Description
With $32,200 per month current rent and market rents of $37100 this stable newer investment is priced to sale. The Fair Oaks and Rustwood community is about 15 minutes from the University of Georgia and downtown. The portfolio consists of 28 neighboring Duplex units (14 Duplexes). There is no HOA. The property is stable, full and has increasing rents. Would provide an investor an opportunity to own stable rentals near in Athens, GA. The three bedroom units are currently renting at $1400 and the 2br units are renting at $1250 to new tenants. So rents are considerably below market value with lot of upside. Many units have granite counters, SS appliances and LVT flooring. Most HVAC's and HWT have been replaced in the last 5-10 years. Most interiors have Luxury Vinyl flooring which holds up for years. The property is positioned for many years of low-cost ownership.
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71BEDS
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N/AACRES
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56BATHS
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01/2 BATHS
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6,000+SQFT
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$149$/SQFT
School Information
Description
With $32,200 per month current rent and market rents of $37100 this stable newer investment is priced to sale. The Fair Oaks and Rustwood community is about 15 minutes from the University of Georgia and downtown. The portfolio consists of 28 neighboring Duplex units (14 Duplexes). There is no HOA. The property is stable, full and has increasing rents. Would provide an investor an opportunity to own stable rentals near in Athens, GA. The three bedroom units are currently renting at $1400 and the 2br units are renting at $1250 to new tenants. So rents are considerably below market value with lot of upside. Many units have granite counters, SS appliances and LVT flooring. Most HVAC's and HWT have been replaced in the last 5-10 years. Most interiors have Luxury Vinyl flooring which holds up for years. The property is positioned for many years of low-cost ownership.
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