151 Loblolly Drive

Athens GA 30601

3242 sq. ft.

17860 sq. ft.

Multi-Family

Last sold for $210,000

Chris Dell, last sold this property on 07 June 2021 after -16 days on market.

Overview

Don't miss this stable, cash-flowing rental property with value-add opportunity. Property is 100% leased to two tenants who are current on all rental payments, grossing $1, 800 per month. 151 Loblolly is a 4BR/3BA unit leasing for $1, 100 per month with long-term tenants. 153 Loblolly is a 2BR/1BA unit leasing for $700 per month. Both leases are month to month. Market rent is projected at $2, 000 per month, presenting an opportunity for future income growth. Priced well below replacement cost and the per-bedroom average of most 2-unit multifamily properties available in the market, where else can you find this much potential income at this kind of price? Property has been professionally managed and well maintained with two new HVAC units in the last two years, and 151 Loblolly has new dishwasher and refrigerator.

Features

6 bedrooms

4 bathrooms

3242 sq. ft. floor area

17860 sq. ft. lot size

Multi-Family

Estimated Value

We need at least 3 similar 6 bedroom multi families sold in Athens over the last 12 months.

Property history for 151 Loblolly Drive

2023

Rented

Undisclosed

22 May 2023 by Birchmore Property Management

2021

Sold

$210,000

07 Jun 2021 by Chris Dell, of Cozart Realty LLC

Happy sellers in Athens

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