350 S Pope ST, Athens, GA 30605
350 S Pope ST, Athens, GA 30605
350 S Pope ST, Athens, GA 30605
350 S Pope ST, Athens, GA 30605
350 S Pope ST, Athens, GA 30605
350 S Pope ST, Athens, GA 30605
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Jake & Lexi Wyer

Jake & Lexi Wyer

+1(910) 216-4388
$ 3,250,000
Est. payment | /mo

22 Beds

20 Baths

15,525 SqFt

Save
$ 3,250,000
Est. payment | /mo
Save

22 Beds

20 Baths

15,525 SqFt

Key Details

Property Type Multi-Family

Sub Type Multi Family

Listing Status Active Under Contract

Purchase Type For Sale

Square Footage 15,525 sqft

Price per Sqft $209

MLS Listing ID CL351580

Bedrooms 22

Full Baths 20

HOA Y/N No

Year Built 1968

Lot Size 0.790 Acres

Acres 0.79

Property Sub-Type Multi Family

Source SAV

Property Description

Athens Real Estate Group is please to offer the exclusive listing of the Georgetown Apartment complex near downtown Athens, GA and the UGA campus. Located within earshot of Sanford Stadium's gameday roar, this 10 unit, 22 Bed apartment complex offers unique opportunity and upside for willing investors as it is grandfathered in for a higher unit density than allowed by current zoning standards. This property consists of (8) 2 bed/2 bath units and (2) 3 bed/2 bath units that all offer a history of high occupancy with all but one unit, which needs significant rehab, currently being tenant occupied. The lot features off street parking with a blend of open and covered parking spaces, and a central laundry center on-site. Ownership recognizes the need for extensive renovation to truly drive this property to its full market potential and are offering the property in AS-IS condition. There is potential and demand with the proximity to UGA and Downtown Athens for a conversion to upscale condo units for resale without changing density count as well. Please see Agent remarks for tour, contact, and offer information or email listing agent.

Location

State GA

County Clarke

Zoning RM-1

Direction From intersection of Broad Street and Milledge Avenue, go South on Milledge Avenue to the intersection with Baxter Street. Take a left on Baxter Street towards UGA campus. Turn left onto Pope Street (beside Domino's Pizza). Georgetown Apartments will be on your left in approx. 0.1 miles.

Rooms

Basement None

Interior

Heating Central, Gas

Cooling Central Air, Electric

Flooring Other, Tile, Vinyl

Appliance Gas Water Heater

Laundry Other

Exterior

Parking Features Detached, Off Street, Parking Available, Parking Lot

Carport Spaces 13

Roof Type Asphalt,Composition

Garage No

Building

Lot Description City Lot, Historic District

Foundation Slab

Water Public

Level or Stories 2

Others

Tax ID 171C1-B-016-A

Acceptable Financing Cash, Conventional, 1031 Exchange, Other

Listing Terms Cash, Conventional, 1031 Exchange, Other

Special Listing Condition Standard

Hive MLS / Savannah / Classic / (NCRMLS) / Cape Fear Realtors
Listed by Athens Real Estate Group, LLC

Nearby Locations

GET MORE INFORMATION

Jake & Lexi Wyer
Jake & Lexi Wyer

Realtors | Lic# #289408 | 309950

+1(910) 216-4388

226 N Front St Suite 102, Wilmington, NC, 28401

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350 S Pope ST