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210 Rustwood Drive

Athens, GA 30606
  • $1,150,000
  • STATUS: Active Under Contract
  • ON SITE: 220 Days
  • MLS #: 980198
Under Contract
UPDATED: 15 min ago
$1,150,000
  • 36
    BEDS
  • N/A
    ACRES
  • 18
    BATHS
  • 0
    1/2 BATHS
  • 6,000+
    SQFT
  • $192
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1978
County:

School Information

Elementary School:
Middle School:
High School:

Description

Amazing investment opportunity with this 18-unit duplex portfolio! Each unit has 2 bedrooms and 1 bathroom and approximately 800 SF. 2 units need total renovations and 4 units need some TLC. 5 units have new roofs as of 2021 and 2 units have metal roofs. This portfolio of duplexes is currently 100% leased which means immediate cash-flow for the new owner. Pro-Forma NOI $86,473.28 Pro-Forma Cap Rate 7.52% Located just 4 miles from Athens' Loop 10, making it easy access to local Athens shopping & dining. The following parcel numbers shall convey in the sale of this property: 061B1 A001, 061B1 A002, 061B1 A003, 061B2 B008, 061B2 B006, 061B2 B009, 061B2 C005, 061B2 C003, 061B2 C002

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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: 2021-10-16T08:21:29.68.
www.signaturerealestateofathens.com/homes/114905401
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210 Rustwood Drive Athens, GA 30606

  • Price: $1,150,000
  • Status: Active Under Contract
  • Updated: 15 min ago
  • MLS #: 980198
36
Beds
18
Baths
0
½ Baths
N/A
Acres
6,000+
SQFT
$192
$/SQFT
1978
Built
Neighborhood:
Nicole Valley
County:
Clarke
Area:
01:West Athens/Clarke Co.
Elementary School:
Whitehead Road Elementary
Middle School:
Burney-Harris-Lyons
High School:
Clarke Central
Property Description
Amazing investment opportunity with this 18-unit duplex portfolio! Each unit has 2 bedrooms and 1 bathroom and approximately 800 SF. 2 units need total renovations and 4 units need some TLC. 5 units have new roofs as of 2021 and 2 units have metal roofs. This portfolio of duplexes is currently 100% leased which means immediate cash-flow for the new owner. Pro-Forma NOI $86,473.28 Pro-Forma Cap Rate 7.52% Located just 4 miles from Athens' Loop 10, making it easy access to local Athens shopping & dining. The following parcel numbers shall convey in the sale of this property: 061B1 A001, 061B1 A002, 061B1 A003, 061B2 B008, 061B2 B006, 061B2 B009, 061B2 C005, 061B2 C003, 061B2 C002
Exterior Features

Construction Wood Siding Exterior Features DeckOther-See Remarks Foundation Basement Slab Lot Size Or Acreage Other-See Remarks Number Of Parking Spaces 36 Parking Yes Style A-Frame

Interior Features

Air Central Electric Appliances Other-See Remarks Fireplace None Floors Other-See Remarks Green Features None Heat Central Interior Features Other-See Remarks Kitchen Features Other-See Remarks Rooms Other-See Remarks Stories One

Property Features

Additional Units Yes Additional Units Num 17 Amenities None Approx Age 43 Assoc Fees Include None Documents On File Other-See Remarks Extras None Hoa Mandatory No Lease Option No Lease Purchase No Multifamily Extras None Multifamily Type Duplex Ownership Owner Property Ever Occupied Yes Sewer City/County Short Sale YN No Sq Ft Source Tax Records Water Well

Listing provided courtesy of Nai Elrod Group. © 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: 2021-10-16T08:21:29.68.
 
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Signature Real Estate of Athens
3149 Atlanta Highway, Suite 4A
Athens GA, 30606