Athens, GA 150 SFR Portfolio (3 Contiguous Communities)

Athens, GA

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Summary

This SFR portfolio includes a total of 150 Single Family Rental and Duplex units across 3 separate but closely located communities in and just outside of Athens, GA. The University of Georgia is located just a few miles away. Historically, communities have had close to 100% occupancy. There is an onsite leasing office in one of the communities that handles leasing and coordinates maintenance for all communities. Great opportunity to get to some scale in this very solid secondary GA market.

Recently in April, owner pushed rents on 3 now newly leased units in the range of $300-$500 per unit amounting to an overall rents increase of 31%. This proves the portfolio has huge upside potential with minimum CapEx required.

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