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Cielo at Velvet

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Address: 240 Sycamore Dr, Athens, GA 30606, USA

Atlanta & Southeast + Apartment Buildings

Created date: May 2, 2024

Date last updated: September 20, 2024

Property Description

Cielo at Velvet is a 1980-built garden-style multifamily asset consisting of 100 units.Stable and cash flowing asset with little deferred maintenance.Timeless construction offers desirable elements including brick exteriors, pitched roofs, and total electric utilities.Opportunity to renovate remaining units and achieve proven premiums over average in-place rents.Residents are within walking distance to desirable retailers such as Kroger, Fresh Market, Starbucks, Chick-fil-A, TJ Maxx, Pure Barre, Chipotle, Gusto, and Cava.The asset is a half mile west of Clarke Middle School, Athens-Clarke County Library, and St. Mary’s Hospital, and less than three miles from the University of Georgia campus.Cielo at Velvet enjoys a convenient location right off of W. Broad Street directly connecting residents to US-78 and US 441, allowing for excellent accessibility to all of Athens.

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Key Property Information

Listing Status:	Unavailable
Listing Type:	Call for offers
Property Types:	Apartment Buildings
No. of Units:	100
Year Built:	1980
Lot Size:	78,064.00 Sq ft
Opportunity Zone:	No
Property Website	Click Here