524 Vine Street
- 28 Units, All 1BR/1BA
- 100% Occupied
- $160,125 NOI
- 7.12% Cap Rate
- 1.49 Acres in East Athens
- Additional 1,500 SF Residence On-Site
Property Description
524 Vine Street is a 28-unit apartment complex situated on 1.49 acres in East Athens, less than a mile from downtown and the University of Georgia campus. All 28 units are one-bedroom, one-bath, giving the property a consistent, easy-to-manage unit mix. The complex is currently 100% occupied with an NOI of $160,125. The 14,760 SF building was constructed in 1985 on a 1.49-acre site in East Athens. The site also includes a 1,500 SF single-family residence that offers a buyer additional income potential through renovation and rental, or possible conversion to a duplex, subject to applicable zoning.
Broker Details
NAI Elrod Group 706-553-1000
MLS ID: CM304509366 State License Number: 251606
Key Property Information
| Listing Status: | Available |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | Apartment Buildings |
| Price: | $2,250,000 |
| No. of Units: | 28 |
| Lot Size: | 1.49 Acres |
| Opportunity Zone: | No |
| Price per unit: | $80,357 |
| Property Website | Click Here |
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