NOT LISTED FOR SALE

254 E Clayton St Unit 4-8 Athens, GA 30601

16 Beds
10 Baths
6,098 Sq Ft
6,098 Sq Ft Lot

Last Sold October 31, 2014

Last sale price $1,025,000 $168 Per Sq Ft

27 Days on Market

Highlights

  • Wood Flooring
  • Intercom
  • Home Security System
  • Clarke Central High School Rated A-
  • Cooling Available
  • Public Transportation

About This Home

As of October 2014

This is a rare opportunity to own investment property in the heart of downtown Athens, Georgia! These five apartments are located on the second floor above street level in a historic building at 254 E. Clayton Street. Residents are able to literally walk out of their door and onto the sidewalk downtown convenient to the University of Georgia, bars, fine dining, shopping and so much more. The purchase includes a total of five apartments ranging in size from 2 - 4 bedrooms each. Three of the five units have been completely renovated including new hardwood floors, appliances, counters, cabinets and fixtures. The property has maintained 100% occupancy with absolutely no vacancy or even delinquency during the current owner's tenure. Rentals are offered for pre-lease early in the rental year starting in October and pre-lease almost immediately for the following August on 12 month term leases backed by parental guarantees and a deposit equal to one month's rent. There could not be a more ideal location than this building situated midway down Clayton overlooking downtown. Three of the units as well as the common corridor offer impressive views of downtown and the Athens skyline. All units are currently 100% pre-leased. Contact listing agent for operating pro forma.

Last Agent to Sell the Property

Chase Lawrence

CollegeTown Properties LLC License #316622 Listed on: 09/03/2014

Last Buyer's Agent

Chase Lawrence

CollegeTown Properties LLC License #316622 Listed on: 09/03/2014

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1989

Lot Details

  • 6,098 Sq Ft Lot

HOA Fees

  • $167 Monthly HOA Fees

Home Design

  • Brick Exterior Construction
  • Wood Siding

Interior Spaces

  • 6,098 Sq Ft Home
  • 1-Story Property

Kitchen

  • Range
  • Microwave
  • Dishwasher

Flooring

  • Wood
  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 16 Bedrooms
  • 10 Full Bathrooms

Laundry

  • Laundry closet
  • Dryer
  • Washer

Home Security

  • Home Security System
  • Intercom

Schools

  • Barrow Elementary School
  • Clarke Middle School
  • Clarke Central High School

Utilities

  • Cooling Available
  • Heating Available
  • High Speed Internet
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 171B8 C001

Community Details

Overview

  • Association fees include pool(s)
  • 5 Units
  • Collegetown Properties Association, Phone Number (706) 850-7740

Amenities

  • Public Transportation

Property Details

Home Type

Multi-Family

Year Built

Built in 1989

Lot Details

0

HOA Fees

$167 per month

Listing Details

  • Directions: From downtown Athens turn onto E. Clayton Street. Lofts will be located above Masada Leather & Outdoor store at 254 E. Clayton Street. Accessible through doorway at street with CollegeTown Properties sign above doorway.
  • Prop. Type: Residential Income
  • Building Stories: 1
  • Year Built: 1989
  • Lot Size Acres: 0.14
  • Ownership: Owner
  • Subdivision Name: No Recorded Subdivision
  • Architectural Style: Other
  • Garage Yn: No
  • Unit Levels: One
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 1

Interior Features

  • Appliances: Dryer, Dishwasher, Microwave, Range, Refrigerator, Washer
  • Interior Amenities: High Speed Internet, Cable TV
  • Other Equipment: Intercom
  • Full Bathrooms: 10
  • Total Bedrooms: 16
  • Fireplace Features: None
  • Fireplace: No
  • Flooring: Carpet, Tile, Wood
  • Living Area: 6098.0
  • ResoLivingAreaSource: PublicRecords

Exterior Features

  • Disclosures: Disclosure on File
  • Home Warranty: No
  • Construction Type: Brick, Wood Siding

Garage/Parking

  • Parking Features: None

Utilities

  • Sewer: Public Sewer
  • Utilities: Cable Available
  • Laundry Features: Laundry Closet
  • Security: Security System
  • Cooling: Electric
  • Cooling Y N: Yes
  • Heating: Electric
  • Heating Yn: Yes
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Public Transportation, Street Lights
  • Amenities: Sidewalks
  • Association Fee: 2000.0
  • Association Fee Frequency: Annually
  • Association Name: CollegeTown Properties
  • Phone: 706-850-7740
  • Association: Yes

Fee Information

  • Association Fee Includes: Pool(s)

Schools

  • Elementary School: Barrow Elementary
  • High School: Clarke Central
  • Middle Or Junior School: Clarke Middle

Lot Info

  • Parcel #: 171B8 C001
  • ResoLotSizeUnits: Acres

Multi Family

  • Number Of Units Total: 5

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/31/2014 10/31/14 Sold $1,025,000 -6.8% $168 / Sq Ft
10/01/2014 10/01/14 Pending -- -- --
09/03/2014 09/03/14 For Sale $1,100,000 -- $180 / Sq Ft
Source: CLASSIC MLS (Athens Area Association of REALTORS®)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Chase Lawrence

    Seller's Agent in 2014

    Chase Lawrence

    CollegeTown Properties LLC

    (706) 224-5302

    4 Total Sales

    Chase Lawrence
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Map

Source: CLASSIC MLS (Athens Area Association of REALTORS®)

MLS Number: 940404

CLASSIC MLS (Athens Area Association of REALTORS®)

Georgia Clarke County Athens 30601

254 E Clayton St Unit 4-8, Athens, GA

This home is located at 254 E Clayton St Unit 4-8, Athens, GA 30601 since 03 September 2014. This property was built in 1989. 254 E Clayton St Unit 4-8 is a home located in Clarke County with nearby schools including Barrow Elementary School, Clarke Middle School, and Clarke Central High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

CLASSIC MLS (Athens Area Association of REALTORS®) IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

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