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235 Sycamore Dr Athens, GA 30606

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112-unit multifamily community in Athens, Georgia. 83% renovated.

Lot size:
9.38 Acres

Property Features for 235 Sycamore Dr

General Information

Standard status
Active
Zoning
Athens-Clarke
Lot size
9.38 Acres

Building Details

Year built
1965

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Listing Contact
Mack Leath
Source: Crexi

Listing Agency: GREA Listing Agent: Mack Leath

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

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Overview

Skye at Athens Multifamily Community

Skye at Athens is a 112-unit garden-style multifamily community located at 235 Sycamore Drive in Athens, Georgia. As of February 2026, the property is 91% occupied and generating $124,000 per month. 83% of the units have been renovated. Collections have grown steadily over the last year as ownership has systematically renovated vacant units. The renovation program has been executed at a consistent scope across 92 of 112 units, with 19 classic units remaining. In-place rents trail current asking rents by 6.8%, with stabilized peers in the submarket operating meaningfully above Skye's current levels across all unit types. The property presents an opportunity to step into a stabilizing asset with a documented income trajectory, a defined path to completing the renovation program, and a sub-market with durable demand and limited new supply.
Location Intelligence

Current Use by Public Records

The Batcave Nightclub epic pixels gallery Art Gallery Bri's Luxury Things Clothing & Fashion Store Flats @ 235 Apartments Apartment Building

Suggested Use

Restaurant Real Estate Agency Law Firm Building Supply Dental Office Spa & Massage Center Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

  • Map
  • Local Demand
City
Athens
County
Clarke
State
Georgia
Longitude
-83.4236712
Latitude
33.9438983

FAQs

What type of property is this?
Apartment building - 112-unit multifamily community in Athens, Georgia. 83% renovated.
Where is this apartment building located?
The property is located at 235 Sycamore Dr Athens, GA.
What are key features of this property?
This property features: - 91% Occupancy Rate indicates strong tenant demand and immediate cash flow.; - 83% of units renovated, demonstrating significant capital improvements and potential for increased rental income.; - $124,000 per month current income generation.
More about this property
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