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150 Lexington Heights
Athens, GA 30605
MLS# 960987 ID: 50356900
$4,066,000
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Property Description
Commercial Sale - Athens, GA Unique Opportunity to own income producing multi-family properties in Athens, GA. 27 Duplex Buildings with 54 units. Located 3 miles from UGA Campus,2 miles from Downtown Athens. Tenants are current with stable rental history. 29 of the units are renovated, 3 in process. Many units have new metal roofs, complete interior renovations. High demand location and no vacancies on renovated units. Lease rates range from $475-$725/unit. Cap rate of 6% on actual NOI of $244,000. Upside potential with market rents established.
Property Features
Status
Last Updated September 24, 2018
Market Status Available
Description
Property Type Commercial
Year Built 1973
Approx. Lot Size 10 Acres
Appliances
Washer
Dryer
Oven
Building Features
Cooling System Heat Pumps
Heating System Heat Pump
Stories 1.0
Exterior Features
Exterior Construction Brick
Parking 2 spaces
Interior Features
Floors Tile; Vinyl
Listing Features
Property Type Commercial; Commercial Sale
Offered By:
Robert Jahn
Cardinal Real Estate Advisors
Schools Near Property

Select a school from the list below to receive a free school report

School District Grades Type
Clarke County School District Preschool-5 Public
Preschool-12 Private
Preschool-8 Private
Clarke County School District Preschool-5 Public
Clarke County School District Preschool-5 Public
Clarke County School District Preschool-5 Public
Clarke County School District Preschool-5 Public
Clarke County School District Preschool-5 Public
Clarke County School District Preschool-5 Public
Clarke County School District Preschool-5 Public
Clarke County School District Preschool-5 Public
Clarke County School District Preschool-5 Public
Archdiocese Of Atlanta Preschool-8 Catholic
Clarke County School District Preschool-5 Public
Preschool-3 Private
Clarke County School District Preschool-5 Public
Clarke County School District Preschool-5 Public
Clarke County School District Preschool-5 Public
School District Grades Type
Clarke County School District Preschool-5 Public
Preschool-12 Private
Preschool-8 Private
Clarke County School District Preschool-5 Public
Clarke County School District Preschool-5 Public
Clarke County School District Preschool-5 Public
Clarke County School District Preschool-5 Public
Clarke County School District Preschool-5 Public
Clarke County School District Preschool-5 Public
Clarke County School District Preschool-5 Public
Clarke County School District Preschool-5 Public
Clarke County School District Preschool-5 Public
Archdiocese Of Atlanta Preschool-8 Catholic
Clarke County School District Preschool-5 Public
Preschool-3 Private
Clarke County School District Preschool-5 Public
Clarke County School District Preschool-5 Public
Clarke County School District Preschool-5 Public
School District Grades Type
Clarke County School District Preschool-5 Public
Preschool-12 Private
Preschool-8 Private
Clarke County School District Preschool-5 Public
Clarke County School District Preschool-5 Public
Clarke County School District Preschool-5 Public
Clarke County School District Preschool-5 Public
Clarke County School District Preschool-5 Public
Clarke County School District Preschool-5 Public
Northeast Georgia Resa K-12 Public
Clarke County School District Preschool-5 Public
Clarke County School District Preschool-5 Public
Clarke County School District Preschool-5 Public
Archdiocese Of Atlanta Preschool-8 Catholic
Clarke County School District Preschool-5 Public
Preschool-3 Private
Clarke County School District Preschool-5 Public
Clarke County School District Preschool-5 Public
Clarke County School District Preschool-5 Public
School District Grades Type
Preschool-12 Private
Preschool-8 Private
Clarke County School District 6-8 Public
Clarke County School District 6-8 Public
Clarke County School District 6-8 Public
Northeast Georgia Resa K-12 Public
Clarke County School District 6-8 Public
Archdiocese Of Atlanta Preschool-8 Catholic
School District Grades Type
Preschool-12 Private
Clarke County School District 9-12 Public
Clarke County School District 9-12 Public
Clarke County School District 10-12 Public
Northeast Georgia Resa K-12 Public
Archdiocese Of Atlanta 9-12 Catholic
Data on community demographics, schools and recent sales provided by OnBoard LLC Copyright © 2002 - 2012 OnBoard LLC. Information is deemed reliable but is not guaranteed.
Recent Sales Near Property
Address Beds Baths Price
1 135 Dennis, Athens, Ga 30605 3 $75,000
2 135 Dennis, Athens, Ga 30605 3 $93,000
3 135 Dennis, Athens, Ga 30605 3 $84,000
4 125 Dennis, Athens, Ga 30605 3 $82,000
5 1 Stratford, Athens, Ga 30605 3 3 $140,000
6 14 Stratford, Athens, Ga 30605 3 3 $150,000
7 14 Stratford, Athens, Ga 30605 3 3 $150,000
8 35 Stratford, Athens, Ga 30605 3 3 $140,000
9 321 Georgetown, Athens, Ga 30605 2 $92,000
10 345 Research, Athens, Ga 30605 2 $109,500
Data on community demographics, schools and recent sales provided by OnBoard LLC Copyright © 2002 - 2012 OnBoard LLC. Information is deemed reliable but is not guaranteed.
Receive a Free Community Profile
Quick Glance
Population 42,515
Population Growth 12%
Population Density 1161
Median Age 25.5
Median Income $31,992
Households 16,850
Weather
Jan Low 35.2
Jan High 58.06
July Low 68.83
July High 91.84
Annual Precipitation (in.) 54.95
Weather Risk Index* 135
*Index score (100 = National Average) that represents the total risk
Athens Demographics
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Athens Housing Statistics
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Data on community demographics, schools and recent sales provided by OnBoard LLC Copyright © 2002 - 2012 OnBoard LLC. Information is deemed reliable but is not guaranteed.

Data Provided by Athens Area Association of Realtors

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