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100 Fair Oaks Drive , #28

Athens, GA 30606
  • $4,499,000
  • STATUS: Active
  • ON SITE: 54 Days
  • MLS #: 987306
Price Reduced
UPDATED: 75 min ago
$4,499,000
  • 71
    BEDS
  • N/A
    ACRES
  • 56
    BATHS
  • 0
    1/2 BATHS
  • 6,000+
    SQFT
  • $149
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
2001
County:

School Information

Elementary School:
Middle School:
High School:

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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© 2022 Multiple Listing Service of the Athens Area Association of REALTORS®. All Rights Reserved. The data relating to real estate for sale or lease on this web site comes in part from the MLS of the Athens Area Association of REALTORS® Broker Reciprocity Database. Real estate listings held by brokerage firms other than Signature Real Estate of Athens are marked with the Broker Reciprocity logo or an abbreviated logo and detailed information about them includes the name of the listing broker. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Signature Real Estate of Athens. Data last updated: 2022-05-16T14:21:30.63.
www.signaturerealestateofathens.com/homes/126942758
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100 Fair Oaks Drive , #28 Athens, GA 30606

  • Price: $4,499,000
  • Status: Active
  • On Site: 54 Days
  • Updated: 75 min ago
  • MLS #: 987306
71
Beds
56
Baths
0
½ Baths
N/A
Acres
6,000+
SQFT
$149
$/SQFT
2001
Built
Neighborhood:
Fair Oaks
County:
Clarke Co.
Area:
01:West Athens/Clarke Co.
Elementary School:
Whitehead Road Elementary
Middle School:
Burney-Harris-Lyons
High School:
Clarke Central
Property 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.
Exterior Features

Construction OtherHardiplank Type Exterior Features Other-See Remarks Foundation Basement Crawl SpaceSlab Garage Carport Capacity 0.00 Lot Size Or Acreage Other-See Remarks Number Of Parking Spaces 56 Parking Yes Style Ranch

Interior Features

Air Central ElectricHeat Pump Appliances Other-See Remarks Basement Baths 0 Basement Bedrooms 0 Basement Finished Sq Ft Range 0-499 Basement Half Baths 0 Basement Unfinished Sq Ft Range 0-499 Fireplace Other-See Remarks Floors Other-See Remarks Green Features None Heat CentralHeat Pump Interior Features Other-See Remarks Kitchen Features Other-See Remarks Rooms KitchenOther-See RemarksEat-In Kitchen Stories One

Property Features

Additional Units Yes Amenities Other-See Remarks Approx Age 21 Assoc Fees Include None Documents On File Other-See Remarks Extras Other-See Remarks Hoa Mandatory No Hoa YN No Home Warranty 0 Lease Option No Lease Purchase No Multifamily Extras Other-See Remarks Multifamily Type Duplex Ownership Owner/Agent Property Ever Occupied Yes Sewer Septic Tank Short Sale YN No Sq Ft Source Tax Records Water City/County

Listing provided courtesy of Rac Properties Of Athens, Inc.. © 2022 Multiple Listing Service of the Athens Area Association of REALTORS®.


© 2022 Multiple Listing Service of the Athens Area Association of REALTORS®. All Rights Reserved. The data relating to real estate for sale or lease on this web site comes in part from the MLS of the Athens Area Association of REALTORS® Broker Reciprocity Database. Real estate listings held by brokerage firms other than Signature Real Estate of Athens are marked with the Broker Reciprocity logo or an abbreviated logo and detailed information about them includes the name of the listing broker. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Signature Real Estate of Athens. Data last updated: 2022-05-16T14:21:30.63.
 
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Signature Real Estate of Athens
3149 Atlanta Highway, Suite 4A
Athens GA, 30606