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    151-153 Loblolly Drive

    Athens, GA 30601
    • $225,000
    • STATUS: Active
    • ON SITE: 39 days
    • MLS #: 980275
    UPDATED: 40 min ago
    $225,000
    • 6
      BEDS
    • 0.41
      ACRES
    • 4
      BATHS
    • 0
      1/2 BATHS
    • 3,000-3,499
      SQFT
    • $69
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1984
    County:

    School Information

    Elementary School:
    Middle School:
    High School:

    Description

    Don't miss this stable, cash-flowing rental property with value-add opportunity. Property is 100% leased to two tenants who are current on all rental payments, grossing $1,800 per month. 151 Loblolly is a 4BR/3BA unit leasing for $1,100 per month with long-term tenants. 153 Loblolly is a 2BR/1BA unit leasing for $700 per month. Both leases are month to month. Market rent is projected at $2,000 per month, presenting an opportunity for future income growth. Priced well below replacement cost and the per-bedroom average of most 2-unit multifamily properties available in the market, where else can you find this much potential income at this kind of price? Property has been professionally managed and well maintained with two new HVAC units in the last two years, and 151 Loblolly has new dishwasher and refrigerator.

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    © 2021 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: 2021-04-21T18:21:27.873.
    www.signaturerealestateofathens.com/homes/115034806
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    151-153 Loblolly Drive Athens, GA 30601

    • Price: $225,000
    • Status: Active
    • Updated: 40 min ago
    • MLS #: 980275
    6
    Beds
    4
    Baths
    0
    ½ Baths
    0.41
    Acres
    3,000-3,499
    SQFT
    $69
    $/SQFT
    1984
    Built
    Neighborhood:
    No Recorded Subdivision
    County:
    Clarke
    Area:
    02:North Athens/Clarke Co.
    Elementary School:
    Fowler Drive
    Middle School:
    Coile Middle
    High School:
    Cedar Shoals
    Property Description
    Don't miss this stable, cash-flowing rental property with value-add opportunity. Property is 100% leased to two tenants who are current on all rental payments, grossing $1,800 per month. 151 Loblolly is a 4BR/3BA unit leasing for $1,100 per month with long-term tenants. 153 Loblolly is a 2BR/1BA unit leasing for $700 per month. Both leases are month to month. Market rent is projected at $2,000 per month, presenting an opportunity for future income growth. Priced well below replacement cost and the per-bedroom average of most 2-unit multifamily properties available in the market, where else can you find this much potential income at this kind of price? Property has been professionally managed and well maintained with two new HVAC units in the last two years, and 151 Loblolly has new dishwasher and refrigerator.
    Exterior Features

    Construction BrickWood Siding Exterior Features PatioDeck Foundation Basement Slab Lot Size Or Acreage 0.26-0.5 Number Of Parking Spaces 4 Parking No Style Traditional

    Interior Features

    Air Central ElectricWindow Unit(S) Appliances Standard OvenDishwasherRangeRefrigerator Fireplace 2+ FireplacesLiving Room Floors CarpetTile Green Features None Heat Heat Pump Interior Features FireplaceVaulted CeilingsCeiling Fan Kitchen Features None Rooms Additional Bedroom(S) On MainFamily RoomStorageKitchenLaundry RoomOwner's SuiteEat-In KitchenLiving Room Stories Two

    Property Features

    Additional Units No Amenities None Approx Age 37 Assoc Fees Include None Documents On File Copy Of Lease Extras Underground UtilitiesCable Available Hoa Mandatory No Lease Option No Lease Purchase No Multifamily Extras None Multifamily Type Duplex Ownership Owner Property Ever Occupied Yes Sewer Septic Tank Short Sale YN No Sq Ft Source Tax Records Water City/County

    Listing provided courtesy of Cozart Realty Llc. © 2021 Multiple Listing Service of the Athens Area Association of REALTORS®.


    © 2021 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: 2021-04-21T18:21:27.873.
     
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    Signature Real Estate of Athens
    3149 Atlanta Highway, Suite 4A
    Athens GA, 30606