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Key Details
Sold Price $4,200,000
Property Type Vacant Land
Sub Type Unimproved Land
Listing Status Sold
Purchase Type For Sale
Square Footage 30,288 sqft
Price per Sqft $138
Subdivision Fair Oaks
MLS Listing ID 10031028
Sold Date 08/01/22
Style Ranch
Bedrooms 71
Full Baths 56
HOA Y/N No
Originating Board Georgia MLS 2
Year Built 2001
Annual Tax Amount $2,195
Tax Year 2021
Property Sub-Type Unimproved Land
Property Description
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.
Location
State GA
County Clarke
Rooms
Basement Crawl Space
Interior
Interior Features Other
Heating Central, Heat Pump
Cooling Central Air, Heat Pump
Flooring Carpet, Laminate, Other, Vinyl
Fireplace No
Appliance Dishwasher, Oven/Range (Combo)
Laundry Laundry Closet
Exterior
Parking Features Parking Pad
Community Features None
Utilities Available Electricity Available, Water Available
View Y/N No
Roof Type Composition
Garage No
Private Pool No
Building
Lot Description Level
Faces Head west toward GA-10 Loop N 1 s (43 ft) Follow GA-10 Loop N to Oglethorpe Ave in Athens. Take exit 15 from GA-10 Loop N 5 min (5.0 mi) Take Tallassee Rd to Fair Oaks Dr
Sewer Septic Tank
Water Public
Structure Type Other,Press Board
New Construction No
Schools
Elementary Schools Whitehead Road
Middle Schools Burney Harris Lyons
High Schools Clarke Central
Others
HOA Fee Include None
Tax ID 061B3 A008
Special Listing Condition Resale
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