28-Unit Multifamily | Athens, GA

Investment Overview

524 Vine Street is a 28-unit apartment complex situated on 1.49 acres in East Athens, less than a mile from downtown and the University of Georgia campus. All 28 units are one-bedroom, one-bath, giving the property a consistent, easy-to-manage unit mix. The complex is currently 100% occupied with an NOI of $160,125. The 14,760 SF building was constructed in 1985 on a 1.49-acre site in East Athens. The site also includes a 1,500 SF single-family residence that offers a buyer additional income potential through renovation and rental, or possible conversion to a duplex, subject to applicable zoning.

Investment Highlights

• 28 Units, All 1BR/1BA
• 100% Occupied
• $160,125 NOI
• 7.12% Cap Rate
• 1.49 Acres in East Athens
• Additional 1,500 SF Residence On-Site