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Key Details
Sold Price $2,420,000
Property Type Multi-Family
Sub Type Multi Family
Listing Status Sold
Purchase Type For Sale
Square Footage 11,052 sqft
Price per Sqft $218
MLS Listing ID CL351579
Sold Date 05/13/26
Bedrooms 22
Full Baths 17
Half Baths 4
HOA Y/N No
Year Built 1953
Lot Size 0.830 Acres
Acres 0.83
Property Sub-Type Multi Family
Source SAV
Property Description
Athens Real Estate Group is please to offer the exclusive listing of the Gran Ellen Apartment complex in heart of Athens, GA. Located at the corner of S. Milledge Avenue and Baxter Street, notably one of the most prominent intersections in and around the UGA Campus, this 17 unit, 22 Bed apartment complex offers unique opportunity and upside for willing investors as it is grandfathered in for a higher unit density than allowed by current zoning standards. This property consists of (4) 2 bed/1.5 bath units, (1) 2 bed/1 bath unit, and (12) 1 bed/1bath units that all offer a history of high occupancy with all but two units, which need significant rehab, currently being tenant occupied. Ownership recognizes the need for extensive renovation to truly drive this property to its full market potential and are offering the property in AS-IS condition. Please see Agent remarks for tour, contact, and offer information or email listing agent.
Location
State GA
County Clarke
Zoning C-O
Direction From Atlanta Highway (Broad Street) take Milledge Avenue South toward Baxter Street. Apartment complex is on the left at the intersection of Baxter and S. Milledge. Parking is in the REAR accessed off Milledge Avenue only.
Rooms
Basement None
Interior
Heating Baseboard, Central, Electric, Gas
Cooling Central Air, Electric
Flooring Tile, Vinyl
Appliance Some Gas Appliances, Gas Water Heater, Oven, Range, Refrigerator
Laundry None
Exterior
Parking Features Garage, Off Street, Parking Lot, Rear/Side/Off Street
Utilities Available Underground Utilities
Roof Type Asphalt,Composition
Garage No
Building
Lot Description Corner Lot, Historic District
Foundation Concrete Perimeter, Slab
Water Public
Level or Stories 2
Others
Tax ID 171C1-E-013
Acceptable Financing Cash, Conventional, 1031 Exchange, Other
Listing Terms Cash, Conventional, 1031 Exchange, Other
Special Listing Condition Standard
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Bought with Greater and Preferred LLC
NEARBY SCHOOLS & BUSINESSES
2801 Washington Rd., Ste. 188, Augusta, Ga, 30909, United States