Skye at Athens Multifamily
235 Sycamore Dr, Athens, GA 30606
112-unit multifamily community in Athens, Georgia. 83% renovated.
Type:Multifamily
- Added:
- Mar 24, 2026
- Days on Market:
- 51
- Last Refresh:
- Mar 25 at 8:49 pm
Property Features for 235 Sycamore Dr
General Information
- Standard status
- Active
- Property subtype
- Multifamily
Building Details
- Year Built
- 1965
Listing agent Mack Leath License #416431
Listing office GREA
Listing date Mar 24, 2026
Source Crexi
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
All listing content including descriptions, pricing, images are the copyrighted material of GREA
HighLights
- 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.
- Documented income trajectory with steadily growing collections.
- Opportunity to increase rents by completing renovations on the remaining 19 classic units.
- Located in a sub‑market with durable demand and limited new supply.
Overview
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.
Property Profile
Insight Report
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
Location Insight
- Map
- Local Demand
- City
- Athens
- County
- Clarke
- State
- Georgia
- Longitude
- -83.4236712
- Latitude
- 33.9438983
Nearby Similar for Sale
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.
