For Sale
$1,460,000

1995 Hollis StAthens, GA 30605

13-Unit Value-Add Opportunity in Athens, GA

Overview

Added:
Dec 11, 2024
Days on market:
116
This exceptional investment opportunity presents a 13-unit multifamily portfolio in Athens, Georgia, priced at $1,460,000. The portfolio comprises a diverse mix of properties, including a single-family home with three bedrooms and 1.5 bathrooms, featuring a carport and fenced yard, accessible from both Lexington Road and Mabry Drive; six duplex units, each with one bedroom and one bathroom, several including carports; and five vacant lots ranging from 0.46 to 0.49 acres. All properties are contiguous and mostly situated on a shared dead-end road, offering convenience and potential for future development. Recent improvements include new roofs installed in 2022, and periodic upgrades have been implemented throughout the portfolio. Many units feature luxury vinyl plank (LVP) flooring. The majority of tenants have long-term occupancy, with most leases operating on a month-to-month basis. The property's strategic location, approximately two miles from downtown Athens and one mile from the Loop 10 interchange, provides excellent access to amenities and transportation. The RS-5 zoning of the vacant lots presents a compelling opportunity for additional single-family development. The portfolio's total net rentable square footage is 8,754 square feet, spread across seven buildings, all single-story structures. The proximity to the Athens Ben Epps Airport further enhances the property's appeal. This portfolio offers a compelling blend of immediate income generation and significant future development potential.

Highlights

  • $1,460,000 asking price for a 13-unit multifamily portfolio in Athens, GA.
  • Portfolio includes one single-family home, six duplexes, and five vacant lots totaling 8,754 square feet of net rentable area.
  • Property consists of seven buildings on thirteen parcels, all single-story structures.
  • Located in Athens, GA (30605), approximately two miles from downtown and one mile from the Loop 10 interchange.
  • Zoned RS-5, offering potential for additional development on vacant lots.

Property Details for 1995 Hollis St

Property type
Residential income homes
Class
D
Buildings
7
Stories
1
Units
13

Location Insight

City
Athens
County
Clarke
State
Georgia
Latitude
33.9450099
Longitude
-83.3432305
1995 Hollis St, Athens, Georgia

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1995 Hollis St
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