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100-202 Oak Bluff Dr
Athens, GA 30607 North Athens

$7,200,000 USD

Apartments For Sale  •  46,200 SF

Property Details

  • Property Type Apartments
  • Total Building Size 46,200 SF
  • Lot Size 1.17 AC
  • Building Class B
  • Year Built 2001
  • Zoning C-R
10 Walk Score

Highlights

Surrounded by Growth: Park Oaks sits on the border of Clarke and Jackson County, allowing benefit of growth from Athens & Commerce
Large 2BR and 3BR units with private driveways & private patios. Also, a private hiking trail that connects to Oxbow Loop in Sandy Creek Park
New ownership will benefit from over $1.1M in capex over the last six years. Including new roofs, water heaters, HVACs, and pavement.
The property has filed zero evictions in 6years, has averaged 97% occupancy over 26 months, and 50% of residents have been at the property 3+ years
Over the last 26 months in-place rents have moved from $1,290 to $1,431, an 11% increase, while keeping nearly perfect occupancy and no interior renos
Current ownership has renovated one unit interior and achieved a $175 premium.

Amenities

  • 24 Hour Access
  • Air Conditioning
  • Balcony
  • Courtyard
  • Dishwasher
  • Laundry Facilities
  • Microwave
  • Property Manager on Site
  • Tenant Controlled HVAC
  • Washer/Dryer Hookup
  • Heating
  • Ceiling Fans
  • Kitchen
  • Refrigerator
  • Oven
  • Range
  • Tub/Shower
  • Views
  • Maintenance on site
  • Online Services
  • Deck
  • Freezer
  • Patio
  • Wheelchair Accessible (Rooms)
  • Smoke Detector
Ian Shaw 404-654-2347 Berkadia Real Estate Advisors
Ian Shaw 404-654-2347 Berkadia Real Estate Advisors