Property
Beds
71
Full Baths
56
1/2 Baths
None
Year Built
2001
Sq.Footage
30,288
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 $1350 and the 2br units are renting at $1200 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 HVACas 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.
Features & Amenities
Interior
-
Other Interior Features
Other
-
Total Bedrooms
71
-
Bathrooms
56
Area & Lot
-
Lot Features
Level
-
Property Type
Residential
-
Architectural Style
Ranch
Exterior
-
Garage
No
-
Construction Materials
Other
-
Parking
Parking Pad
Financial
-
Sales Price
$4,490,000
-
Tax Amount
2195.35
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Location
County
Clarke
Elementary School
Whitehead Road
Middle School
Burney Harris Lyons
High School
Clarke Central
Listing Courtesy of None
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