This flagship Athens asset is adjacent to UGA and Downtown and comprises 36 units + 119 beds. It was originally constructed in 1897, but was converted to loft apartments in 1977 and then an extensive value-add was completed from 2018 - 2023. Farmers Exchange is currently 100% Occupied and 92.4% Pre-Leased for AY 25-26 with average rents at only $768/ bed. Surrounding competition this close to campus charges $286 - $604 more per bed for their 1BR - 5BR floor plans. This deal comes with ASSUMABLE non-recourse debt with Fannie at 4.14% that matures 12/1/31. It's on a 30 year AM and has IO until 12/1/26. Loan Balance is $7.467MM (67% LTV). Farmer's Exchange has been well maintained throughout the years. In 2018, the 300 Building had floors refinished, ceiling height increased and a full interior/ exterior paint. All common area lighting was replaced, a laundry room was added, alongside common area updates to include a pool table, package lockers, study rooms, nest thermostats and updated exterior signage. Current ownership resealed the flat TPO roof in January 2020 and in 2021 performed a Green Loan update which included adding solar film protective to all windows, adding weather stripping to all doors/ windows and adding low flow shower heads. In 2023, 10 HVAC units were replaced and they also replaced and upgraded the entire fire monitoring system (including electrical and conduit). Interior unit features include exposed brick and beam architecture, hardwood floors, white wood cabinets, granite countertops, stainless steel appliances and more. -Incredible Location: This property is adjacent to The University of Georgia and Downtown Athens. -Assumable Non-Recourse Debt: This property has assumable non-recourse debt with Fannie at 4.14% with IO until 12/1/26 that matures 12/1/31. -Strong Occupancy and Pre-Lease: Farmer's Exchange is currently 100% Occupied and 92.4% Pre-Leased 24-25 school year. -Ability to Reduce Expenses: Farmer's exchange currently includes cable in the rent, so stripping this expense for AY 25-26 would save over $7,000 on an annual basis.1. Hardwood Flooring & Exposed Brick and Beam Architecture, 2. White wood cabinets with granite countertops and stainless steel appliances, 3. Nest Thermostats and Electronic Keys / Fob entry, 4. ASSUMABLE DEBT! Adjacent to UGA's campus
Courtesy: Keller Williams Greater Athens
Angie Buffington
7064614944
BUYERS FINANCING FELL THOUGH. Fantastic opportunity to own an income producing duplex in Athens! Each side has 2 bedrooms and 1 bathroom and both sides have tenants in place. Four sides brick on approx 1/2 acre off Tallassee Road. Call Angie Buffington at 706-461-4944 for any additional informaiton. No showings prior to binding agreement and subject to tenants rights.
four sided brick duplex near bus stop and Elementary School and Shopping and Walmart. Left side vacant. Right side to vacate 7/31/20251. Possible owner occupant for vacant side
Courtesy: Southern Land Exchange
Travis Ebbert
7066148840
SLE Commercial Group is proud to present 235 Logmont Trce., a 1,332 sqft townhome in Athens, GA. The unit is a 2 bed 2 bath. Currently leased producing a gross rent of $1,300 per month. 12 month lease with option to renew. Expires July 26th, 2025. 225 and 215 Logmont Trce are also available for $235,000 each. All three townhouses can be purchased together for $700,000 OBO. The HOA fee is $60/month. All units are occupied and require 24 hours notice to view inside. Call Travis Ebbert with SLE Commercial Group at 706-614-8840 for more information.
Courtesy: Southern Land Exchange
Travis Ebbert
7066148840
SLE Commercial Group is proud to present 225 Logmont Trce., a 1,332 sqft townhome in Athens, GA. The unit is a 2 bed 2 bath. Currently leased producing a gross rent of $1,200 per month. 235 and 215 Logmont Trce are also available for $235,000 each. All three townhouses can be purchased together for $700,000 OBO. The HOA fee is $60/month. All units are occupied and require 24 hours notice to view inside.
Courtesy: Southern Land Exchange
Travis Ebbert
7066148840
SLE Commercial Group is proud to present 235 Logmont Trce., a 1,386 sqft townhome in Athens, GA. The unit is a 2 bed 2 bath. Currently leased producing a gross rent of $1,200 per month. 225 and 235 Logmont Trce are also available for $235,000 each. All three townhouses can be purchased together for $700,000 OBO. The HOA fee is $60/month. All units are occupied and require 24 hours notice to view inside. Call Travis Ebbert with SLE Commercial Group at 706-614-8840 for more information.
Courtesy: Southern Land Exchange
Travis Ebbert
7066148840
SLE Commercial Group is proud to present 235 Logmont Trce., a 1,332 sqft townhome in Athens, GA. The unit is a 2 bed 2 bath. Currently leased producing a gross rent of $1,300 per month. 12 month lease with option to renew. Expires July 26th, 2025. 225 and 215 Logmont Trce are also available for $235,000 each. All three townhouses can be purchased together for $700,000 OBO. The HOA fee is $60/month. All units are occupied and require 24 hours notice to view inside. Call Travis Ebbert with SLE Commercial Group at 706-614-8840 for more information.
Athens is located in Georgia. Athens, Georgia has a population of 123,664. Athens is more family-centric than the surrounding county with 29.38% of the households containing married families with children. The county average for households married with children is 25.97%.
The median household income in Athens, Georgia is $37,604. The median household income for the surrounding county is $34,557 compared to the national median of $57,652. The median age of people living in Athens is 25.7 years.
The average high temperature in July is 91.4 degrees, with an average low temperature in January of 33.1 degrees. The average rainfall is approximately 48.7 inches per year, with 2.9 inches of snow per year.
