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Archived over 2 years ago

$350,000

rooms 2 ba 1768 sqft

162 / 164 Park Ridge Court, Athens, GA 30605

Multiple Occupied

Current Rent **

$2,050

Projected Rent **

$2,300

Estimated Cap Rate *

Pro Only

Estimated Cash on Cash ROI *

Pro Only

NEWLY RENOVATED DUPLEX!

NEWLY RENOVATED DUPLEX!! Located on Barnett Shoals in the heart of East Side Athens, this incredible investment opportunity is 5min from UGA Campus, UGA Vet school, and Downtown Athens! It is also located on the ACC bus route. The duplex has 2 total units consisting of 2 bed 1 bath on each side. Unit 164 is currently leased at $950.00 / month until 12/31/22. Unit 162 is COMPLETELY RENOVATED with high-end fixtures and is currently leased at $1,100.00 / month until 8/31/22. Both units are primed for rent increases. Water and Gas meters are split with tenants paying for their own utilities. Both septic tanks have been inspected this year.

Location:

162 / 164 Park Ridge Court, Athens, GA 30605

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* The cap rate and cash on cash return calculations found on BiggerPockets Listings are estimated and designed to be used for informational and educational purposes only, and when used alone, do not constitute investment advice. They assume 3 months worth of expenses and estimate taxes and insurance. BiggerPockets recommends that you seek the advice of a real estate professional before making any type of investment. The results presented may not reflect the actual return of your own investments. BiggerPockets is not responsible for the consequences of any decisions or actions taken in reliance upon or as a result of the information provided by these tools. Furthermore, BiggerPockets is not responsible for any human or mechanical errors or omissions.

** Current rent and projected rent are provided by the lister.

† Rental comps are pulled by looking at property characteristics (beds, baths, structure type), date the rent listing was captured, and proximity to the searched location.

‡ Confidence levels range from low to very high. Confidence is determined by the number of recent and relevant comparable properties for any given search. A very high confidence level indicates a high number of recent and similar rental listings.