Description
Athens Real Estate Group is please to offer the exclusive listing of the Georgetown Apartment complex near downtown Athens, GA and the UGA campus. Located within earshot of Sanford Stadium's gameday roar, this 10 unit, 22 Bed apartment complex offers unique opportunity and upside for willing investors as it is grandfathered in for a higher unit density than allowed by current zoning standards. This property consists of (8) 2 bed/2 bath units and (2) 3 bed/2 bath units that all offer a history of high occupancy with all but one unit, which needs significant rehab, currently being tenant occupied. The lot features off street parking with a blend of open and covered parking spaces, and a central laundry center on-site. Ownership recognizes the need for extensive renovation to truly drive this property to its full market potential and are offering the property in AS-IS condition. There is potential and demand with the proximity to UGA and Downtown Athens for a conversion to upscale condo units for resale without changing density count as well. Please see Agent remarks for tour, contact, and offer information or email listing agent.
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22BEDS
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0.79ACRES
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20BATHS
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01/2 BATHS
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15,525SQFT
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$209$/SQFT
School Ratings & Info
Description
Athens Real Estate Group is please to offer the exclusive listing of the Georgetown Apartment complex near downtown Athens, GA and the UGA campus. Located within earshot of Sanford Stadium's gameday roar, this 10 unit, 22 Bed apartment complex offers unique opportunity and upside for willing investors as it is grandfathered in for a higher unit density than allowed by current zoning standards. This property consists of (8) 2 bed/2 bath units and (2) 3 bed/2 bath units that all offer a history of high occupancy with all but one unit, which needs significant rehab, currently being tenant occupied. The lot features off street parking with a blend of open and covered parking spaces, and a central laundry center on-site. Ownership recognizes the need for extensive renovation to truly drive this property to its full market potential and are offering the property in AS-IS condition. There is potential and demand with the proximity to UGA and Downtown Athens for a conversion to upscale condo units for resale without changing density count as well. Please see Agent remarks for tour, contact, and offer information or email listing agent.
![[Athens Area Association of Realtors] logo](https://static.boomtownroi.com/content/photos/Athens/idx/idx-large.gif)
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