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City View Apartments 1030 Dr Martin Luther King Pky 17 Unité Immeuble d’appartements 7 529 885 $ CAD (442 934 $ CAD/Unité) Athens, GA 30601
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Faits saillants de l'investissement
- Parental Guarantees on Leases: The property has zero historical collection loss, a materially different risk profile than conventional multifamily
- Recession-Resistant Asset: Direct Access to UGA and Downtown Athens. UGA’s growing enrollment and Athens’ standing as a premier SEC college town
- Rents Below Every Direct Comparable: Rents are below the Athens market average and below direct comparables on the same street
- Basis Below Replacement Cost: At $84,615 per bedroom, City View offers an entry point well below what newer purpose-built student housing
Résumé de l'annonce
Marcus & Millichap is pleased to present the exclusive listing of City View Apartments in Athens, GA. City View Apartments offers the opportunity to acquire a cash-flowing student housing asset at UGA with below market rents at a meaningful discount to replacement cost. Current rents are below every direct comparable and below the Athens market average across all unit types — a condition driven by recent new supply in the submarket that has already begun normalizing. An incoming owner benefits from parental guarantees on every lease, zero historical collection loss, and a straightforward path to revenue growth in one of the top college markets in the US.
Property Features:
- Proximity to the University of Georgia & Downtown Athens: Located approximately ½ mile from downtown Athens and the UGA campus. UGA’s enrollment has grown every year for the past decade, surpassing 40,000 students in 2024 — making Athens one of the strongest and most consistent student housing markets in the country
- Purpose-Built Student Housing: The property features large 3–5 bedroom floor plans designed for student renters, allowing efficient leasing and strong demand from roommate groups
- Modern Unit Features: Units include in-unit washer and dryer, hardwood floors, updated appliances, and private balconies, amenities highly valued by student renters
- Large Bedroom Layouts with Private Baths: Many floor plans feature private bathrooms for each bedroom, a preferred configuration in the student housing market
- On-Site Parking Availability: The property offers off-street parking for residents, an important amenity for students living near campus
Deal Room Access: https://www.marcusmillichap.com/properties/202208/city-view-apartments
Property Features:
- Proximity to the University of Georgia & Downtown Athens: Located approximately ½ mile from downtown Athens and the UGA campus. UGA’s enrollment has grown every year for the past decade, surpassing 40,000 students in 2024 — making Athens one of the strongest and most consistent student housing markets in the country
- Purpose-Built Student Housing: The property features large 3–5 bedroom floor plans designed for student renters, allowing efficient leasing and strong demand from roommate groups
- Modern Unit Features: Units include in-unit washer and dryer, hardwood floors, updated appliances, and private balconies, amenities highly valued by student renters
- Large Bedroom Layouts with Private Baths: Many floor plans feature private bathrooms for each bedroom, a preferred configuration in the student housing market
- On-Site Parking Availability: The property offers off-street parking for residents, an important amenity for students living near campus
Deal Room Access: https://www.marcusmillichap.com/properties/202208/city-view-apartments
Faits sur la propriété
| Prix | 7 529 885 $ CAD | Classe d’immeuble | B |
| Prix par unité | 442 934 $ CAD | Taille du lot | 2,46 AC |
| Type de vente | Investissement | Taille du bâtiment | 23 000 pi² |
| Nombre d’unités | 17 | Occupation moyenne | 100% |
| Type de propriété | Immeuble residentiel | Nombre d’étages | 2 |
| Sous-type de propriété | Appartement | Année de construction | 2008 |
| Style d’appartement | Jardin | ||
| Zonage | RM-1 | ||
| Prix | 7 529 885 $ CAD |
| Prix par unité | 442 934 $ CAD |
| Type de vente | Investissement |
| Nombre d’unités | 17 |
| Type de propriété | Immeuble residentiel |
| Sous-type de propriété | Appartement |
| Style d’appartement | Jardin |
| Classe d’immeuble | B |
| Taille du lot | 2,46 AC |
| Taille du bâtiment | 23 000 pi² |
| Occupation moyenne | 100% |
| Nombre d’étages | 2 |
| Année de construction | 2008 |
| Zonage | RM-1 |
Commodités
Commodités des unités
- Climatisation
- Chauffage
- Cuisine
- Réfrigérateur
- Four
- Bain/Douche
Commodités du site
- Accès 24 heures
- Gestionnaire d'immeuble sur place
- Pistes cyclables/Piétonnières
- Transport en commun
- Détecteur de fumée
Unité renseignements sur le mélange
| Description | Nombre d’unités | Loyer moyen/mois | pi² |
|---|---|---|---|
| 3+3 | 5 | - | - |
| 4+4 | 10 | - | - |
| 5+3 | 2 | - | - |
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Impôts fonciers
| Numéro de lot | 163A4-B-004 | Évaluation des bâtiments | 2 396 371 $ CAD |
| Évaluation du terrain | 326 160 $ CAD | Évaluation totale | 2 722 531 $ CAD |
Impôts fonciers
Numéro de lot
163A4-B-004
Évaluation du terrain
326 160 $ CAD
Évaluation des bâtiments
2 396 371 $ CAD
Évaluation totale
2 722 531 $ CAD
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City View Apartments | 1030 Dr Martin Luther King Pky
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