700 Fourth Street
Athens, GA 30601 ·
164 Units · Multifamily For Sale
|No. Units||164||Property Use Type||Investment|
|Building Size||245,256 SF||Cap Rate||10.71%|
|Listing ID: 16317932||Date Created: 07/15/2009||Last Updated: 11/04/2009|
Oakwood Forest is a 164-unit apartment community located in Athens, Georgia in Athens-Clarke County. The city is situated about 60 miles from Atlanta and is home to the University of Georgia. The county is made up of about 115,000 residents making it the fourteenth largest county in Georgia, in terms of population.
Community amenities include, pool with sundeck, clubhouse with leasing office, completely fenced grounds with gated entrance and a community laundry facility.
The property was constructed in 1986 of wood frame with brick and vinyl siding exterior. The units are spread over 19 garden-style residential buildings on a 12.71 acre site. Each unit at Oakwood Forest is a two-bedroom, one and one-half bathroom townhouse equipped with a private porch, washer/dryer hookups and all-electric appliances.
Oakwood Forest is well located with an immediate outlet to the Athens Loop, as well as, Interstate-20 and Interstate-85. Athens-Ben Epps Airport is about a mile away and conducts more than 70,000 flights annually. The property is also 1.5 miles from UGA, 1.2 miles from Downtown Athens and two miles from Athens Technical College, making it the closest conventional apartment community to Athens Tech.
- Listed at $22,561 per Unity or $15.09 per Square Foot
- Great Value-Add Opportunity
- 1.5 Miles from UGA
- Closest Conventional Apartment Complex to Athens Tech
- 1.2 Miles from Downtown Athens
- Clubhouse and Pool On-Site
700 Fourth Street, Athens, GA 30601 (Clarke County)
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