524 Vine ST Athens, GA 30601
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
Square Footage 14,760 sqft
Price per Sqft $152
MLS Listing ID CL358092
Bedrooms 28
Full Baths 28
HOA Y/N No
Year Built 1985
Lot Size 1.490 Acres
Acres 1.49
Property Sub-Type Multi Family
Source SAV
Property Description
524 Vine Street is a 28-unit apartment complex situated on 1.49 acres in East Athens, less than a mile from downtown and the University of Georgia campus. All 28 units are one-bedroom, one-bath, giving the property a consistent, easy-to-manage unit mix. The complex is currently 100% occupied with an NOI of $160,125.
The 14,760 SF building was constructed in 1985 on a 1.49-acre site in East Athens. The site also includes a 1,500 SF single-family residence that offers a buyer additional income potential through renovation and rental, or possible conversion to a duplex, subject to applicable zoning.
LOCATION DESCRIPTION:
524 Vine Street sits in the East Athens neighborhood, directly accessible from Vine Street in Athens-Clarke County. The property is within a short distance of downtown Athens, the University of Georgia, and Athens Regional Medical Center, placing it in a rental market with consistent year-round demand driven by students, university staff, and healthcare workers.
East Athens has seen continued investment in recent years as demand for workforce and affordable housing near the UGA campus has grown. The area's proximity to downtown employers, transit routes, and UGA's expanding footprint supports stable occupancy for well-maintained multifamily properties at this price point.
Location
State GA
County Clarke
Zoning RM-2
Direction From the 10 Loop, exit at Peter Street. Take N Peter Street for 0.6 miles. Turn left on Vine Street in 0.3 miles, the property will be on your right.
Interior
Heating Electric, Wall Furnace
Cooling Electric, Wall Unit(s)
Appliance Electric Water Heater
Exterior
Utilities Available Underground Utilities
View Panoramic
Roof Type Metal
Building
Water Public
Architectural Style Traditional
Level or Stories 2
New Construction No
Others
Tax ID 172A4 B002
Acceptable Financing Cash, Conventional, 1031 Exchange, Other
Listing Terms Cash, Conventional, 1031 Exchange, Other
Special Listing Condition Standard
Virtual Tour https://www.propertypanorama.com/instaview/sav/CL358092
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