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1030 Dr Martin Luther King Pky
Athens, GA 30601 Northeast Athens

$5,500,000 USD

Apartments For Sale  •  23,000 SF

Property Details

  • Property Type Apartments
  • Total Building Size 23,000 SF
  • Lot Size 2.46 AC
  • Building Class B
  • Year Built 2008
  • Zoning RM-1
0 Transit Score
39 Walk Score

Highlights

Parental Guarantees on Leases: The property has zero historical collection loss, a materially different risk profile than conventional multifamily
Rents Below Every Direct Comparable: Rents are below the Athens market average and below direct comparables on the same street
Recession-Resistant Asset: Direct Access to UGA and Downtown Athens. UGA’s growing enrollment and Athens’ standing as a premier SEC college town
Basis Below Replacement Cost: At $84,615 per bedroom, City View offers an entry point well below what newer purpose-built student housing

Amenities

  • 24 Hour Access
  • Air Conditioning
  • Property Manager on Site
  • Heating
  • Walking/Biking Trails
  • Kitchen
  • Refrigerator
  • Oven
  • Tub/Shower
  • Public Transportation
  • Smoke Detector
Harold Shepard 503-953-0085 Marcus & Millichap
Harold Shepard 503-953-0085 Marcus & Millichap