Multifamily Property for Sale in Athens, GA

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Multifamily Property
  • Location: Athens, GA 30601

Description

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. Investment Highlights: • Parental Guarantees on Leases: The property has zero historical collection loss, a materially different risk profile than conventional multifamily • Rents Below Every Direct Comparable: Rents are below the Athens market average and below direct comparables on the same street, giving an incoming owner a straightforward path to revenue growth • Recession-Resistant Asset: Direct Access to UGA and Downtown Athens. UGA's growing enrollment and Athens' standing as a premier SEC college town provide consistent demand • Basis Below Replacement Cost: City View offers an entry point well below what newer purpose-built student housing is trading for in Athens, providing meaningful downside protection

Market Context

This multifamily in Athens, GA is listed for sale. It has been on the market for 68 days. Compare it against other multifamily listings for sale in Athens, GA — <a href="/search/sale/multifamily/georgia/athens">view the full market</a>.

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