1995 Hollis St Athens, GA 30605

Property Details for 1995 Hollis St

Property type

Residential income homes

Description

This exceptional investment opportunity presents a 13-unit multifamily portfolio in Athens, Georgia, priced at $1,460,000. The portfolio comprises a diverse mix of properties, including a single-family home with three bedrooms and 1.5 bathrooms, featuring a carport and fenced yard, accessible from both Lexington Road and Mabry Drive; six duplex units, each with one bedroom and one bathroom, several including carports; and five vacant lots ranging from 0.46 to 0.49 acres. All properties are contiguous and mostly situated on a shared dead-end road, offering convenience and potential for future development. Recent improvements include new roofs installed in 2022, and periodic upgrades have been implemented throughout the portfolio. Many units feature luxury vinyl plank (LVP) flooring. The majority of tenants have long-term occupancy, with most leases operating on a month-to-month basis. The property's strategic location, approximately two miles from downtown Athens and one mile from the Loop 10 interchange, provides excellent access to amenities and transportation. The RS-5 zoning of the vacant lots presents a compelling opportunity for additional single-family development. The portfolio's total net rentable square footage is 8,754 square feet, spread across seven buildings, all single-story structures. The proximity to the Athens Ben Epps Airport further enhances the property's appeal. This portfolio offers a compelling blend of immediate income generation and significant future development potential.

Location Insight

City

Athens

County

Clarke

State

Georgia

Longitude

-83.3432

Latitude

33.945