The Lofts at 945 College represent a core downtown asset in a highly desirable Tier 1 market. The boutique size of the project nicely compliments an existing portfolio or provides enough scale for an investor to make a new entry to the Athens, Georgia market. The nature of construction being primarily steel and brick, creates a replacement cost that makes in-place acquisition very attractive. Current management has accomplished 100% occupancy year over year with steady rental rate growth. Future ownership could take plan to hold as rental or take advantage of historic Price/SF value in the Athens market through a condo conversion with individual unit resales. Each of the upscale residences is pedestrian to downtown Athens and The University of Georgia. These state of the art lofts boast soaring ceilings, stainless appliances, granite counters and private garages. Each floorplan offers expansive windows and private outdoor patio spaces. The property has mature landscape, comprehensive outdoor lighting and convenient parking. The overall property unit mix contains (19) individual units totaling (32) bedrooms.
This property is off market, which means it's not currently listed for sale or rent on Zillow. This may be different from what's available on other websites or public sources.
