Skye at Athens Multifamily
For Sale
Contact for pricing
Pending
235 Sycamore Dr, Athens, GA 30606
112-unit multifamily community in Athens, Georgia. 83% renovated.
Property SizeContact for details
Days on Market162
Property Features for 235 Sycamore Dr
General Information
Standard status
Pending
Property subtype
Multifamily
Zoning
Athens-Clarke
Occupancy
91%
Investment Type
Stabilized
Building Details
Year Built
1965
Buildings
13
Stories
2
Units
112
Listing Agency:
GREA
Listed By:
Mack Leath · License #416431
Source:
Crexi
Added: Mar 24
Changed: Aug 8
Last Checked: Aug 28 at 3:50PM
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
Investment Insights
Based on property information with market context.
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.
Key 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.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
435
Businesses Nearby
Explore this area
Business Placement
Demographics for 30606, GA
46,798
Population
22,603
Households
2.1
Avg Household Size
33
Median Age
52%
College-Educated
93%
High-School Grad
30.7 sq mi
ZIP Area
1,524
Density / Sq Mi
$61,397
Median Household Income
$35,854
Median Earnings
$1,222
Median Rent
$332,600
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
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.
