$385,000
$385,000
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0.56 Acres Lot
SOLD DATE : 05/21/2021
Key Details
Sold Price $385,000
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 6852662
Sold Date 05/21/21
Construction Status Updated/Remodeled
HOA Y/N No
Originating Board FMLS API
Year Built 1983
Annual Tax Amount $2,810
Tax Year 2020
Lot Size 0.560 Acres
Acres 0.56
Property Description
RARE 4 Unit Value Add Apartment Building Available for Sale in Athens,GA. Building is a Quadplex with 8BR 8BA 4,256 sq ft, Built 1983. Each unit is large 1,200sq ft 2BR 2BA roommate style floor plan. Each unit is separately metered and tenants are responsible for all utilities. Recent updated exterior full building paint, decks, siding, tree removal etc. Each interior has central heating and cooling. Some HVAC systems are new as of 2020. Two units are already fully remodeled. Value add play here is remodel remaining two interiors and increase rents to market pricing. 2 Units Currently rent for $725/Month Tenants are long term Month to Month 2 renovated units are rented at $1000/Month year lease. Strategy here is to renovate all remaining units to maximize cash flow.
Location
State GA
County Clarke
Area 371 - Clarke County
Lake Name None
Interior
Heating Electric, Forced Air
Cooling Ceiling Fan(s), Central Air
Window Features None
Exterior
Garage Parking Lot
Fence None
Community Features None
Utilities Available Cable Available, Electricity Available, Phone Available, Water Available
View Other
Roof Type Composition
Accessibility Accessible Bedroom, Ceiling Track, Accessible Doors, Accessible Electrical and Environmental Controls, Accessible Full Bath, Accessible Kitchen, Accessible Kitchen Appliances
Handicap Access Accessible Bedroom, Ceiling Track, Accessible Doors, Accessible Electrical and Environmental Controls, Accessible Full Bath, Accessible Kitchen, Accessible Kitchen Appliances
Parking Type Parking Lot
Total Parking Spaces 9
Building
Lot Description Other
Story Two
Sewer Septic Tank
Water Public
Level or Stories Two
Structure Type Cement Siding
New Construction No
Construction Status Updated/Remodeled
Schools
Elementary Schools Oglethorpe Avenue
Middle Schools Burney-Harris-Lyons
High Schools Clarke Central
Others
Senior Community no
Tax ID 064 048
Special Listing Condition None
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