PROPIEDAD EN VENTA
$11,220,000
580 E Broad Street Athens, GA 30601
31,623
Sq. ft
Est. mensual: $52,012 Recalcular
Cortesía de University Holdings Brokerage, LLC
580 E Broad Street Athens, GA 30601
Cortesía de University Holdings Brokerage, LLC
Acerca de esta propiedad
Unifamiliar adosadaNúmero de MLS: #1020905
This flagship Athens asset is adjacent to UGA and Downtown and comprises 36 units + 119 beds. It was originally constructed in 1897, but was converted to loft apartments in 1977 and then an extensive value-add was completed from 2018 - 2023. Farmers Exchange is currently 100% Occupied and 92.4% Pre-Leased for AY 25-26 with average rents at only $768/ bed. Surrounding competition this close to campus charges $286 - $604 more per bed for their 1BR - 5BR floor plans.This deal comes with ASSUMABLE non-recourse debt with Fannie at 4.14% that matures 12/1/31. It's on a 30 year AM and has IO until 12/1/26. Loan Balance is $7.467MM (67% LTV).
Farmer's Exchange has been well maintained throughout the years. In 2018, the 300 Building had floors refinished, ceiling height increased and a full interior/ exterior paint. All common area lighting was replaced, a laundry room was added, alongside common area updates to include a pool table, package lockers, study rooms, nest thermostats and updated exterior signage.
Current ownership resealed the flat TPO roof in January 2020 and in 2021 performed a Green Loan update which included adding solar film protective to all windows, adding weather stripping to all doors/ windows and adding low flow shower heads. In 2023, 10 HVAC units were replaced and they also replaced and upgraded the entire fire monitoring system (including electrical and conduit).
Interior unit features include exposed brick and beam architecture, hardwood floors, white wood cabinets, granite countertops, stainless steel appliances and more.
-Incredible Location: This property is adjacent to The University of Georgia and Downtown Athens.
-Assumable Non-Recourse Debt: This property has assumable non-recourse debt with Fannie at 4.14% with IO until 12/1/26 that matures 12/1/31.
-Strong Occupancy and Pre-Lease: Farmer's Exchange is currently 100% Occupied and 92.4% Pre-Leased 24-25 school year.
-Ability to Reduce Expenses: Farmer's exchange currently includes cable in the rent, so stripping this expense for AY 25-26 would save over $7,000 on an annual basis.1. Hardwood Flooring & Exposed Brick and Beam Architecture, 2. White wood cabinets with granite countertops and stainless steel appliances, 3. Nest Thermostats and Electronic Keys / Fob entry, 4. ASSUMABLE DEBT! Adjacent to UGA's campus
Características de la propiedad
| Antigüedad: | Más de 50 años de antigüedad |
|---|---|
| Amenidades: | Puerto |
| Estilo arquitectónico: | Otro |
| Tipo de fachada exterior: | De ladrillo |
| Área del lote: | 0.68 Acres |
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Escuela primaria
BARROW ELEMENTARY SCHOOL
Grados/años PK-5 | Public
School
1.3
MillasPuntuación Escolar
Athens, GA 30605
100 Pinecrest Dr
706.543.2676
Relación profesores/alumnos
10:1
Número total de alumnos
499
Ver detalle
Escuela secundaria (ciclo básico)
CLARKE MIDDLE SCHOOL
Grados/años 6-8 | Public
School
2.2
MillasPuntuación Escolar
Athens, GA 30606
1235 Baxter St
706.543.6547
Relación profesores/alumnos
11:1
Número total de alumnos
745
Ver detalle
Escuela secundaria (ciclo superior)
CLARKE CENTRAL HIGH SCHOOL
Grados/años 9-12 | Public
School
1.1
MillasPuntuación Escolar
Athens, GA 30605
350 S Milledge Ave
706.357.5200
Relación profesores/alumnos
16:1
Número total de alumnos
1771
Ver detalle
| Otros escuelas cercanos | Distancia | Tipo | Grados/años | Califaciones |
|---|---|---|---|---|
| Downtown Academy | 0.5 mi | Private | KG-5 | |
| Howard B. Stroud Elementary School | 1.3 mi | Public | PK-5 | D+ |
| Johnnie Lay Burks Elementary School | 1.4 mi | Public | PK-5 | B+ |
| Classic City High School | 1.8 mi | Public | 9-12 | |
| Fowler Drive Elementary School | 2.2 mi | Public | PK-5 | D |
| Bettye Henderson Holston Elementary School | 2.3 mi | Public | PK-5 | F |
| Foothills Charter High School (central Office - Athens) | 2.7 mi | Public | 9-12 | C+ |
| Hilsman Middle School | 2.8 mi | Public | 6-8 | C- |
| Gaines Elementary School | 2.8 mi | Public | PK-5 | D- |
| Oglethorpe Avenue Elementary School | 2.9 mi | Public | PK-5 | C- |
| Cedar Shoals High School | 3.3 mi | Public | 9-12 | D- |
| J. J. Harris Elementary School | 3.9 mi | Public | PK-5 | C- |
| Whitehead Road Elementary School | 4.0 mi | Public | PK-5 | C |
| Athens Montessori School | 4.2 mi | Private | PK-8 | |
| Barnett Shoals Elementary School | 4.3 mi | Public | PK-5 | C |
| Athens Christian School | 4.4 mi | Private | PK-12 | |
| Athens Academy | 4.4 mi | Private | PK-12 |
Estos datos se suministran exclusivamente con fines informativos, y no se los deberá usar como base a la hora de decidir comprar una propiedad residencial. Los datos sobre los centros de enseñanza no garantizan la inscripción en estos. Tenga a bien contactar a un profesional inmobiliario local o al (a los) distrito(s) escolar(es) loca(es), para obtener información actualizada sobre los centros de enseñanza de la zona. La finalidad de esta información no es determinar si una persona es elegible para asistir a un centro de enseñanza ni para usar o beneficiarse de los servicios de otra ciudad, pueblo o localidad.
Edad promedio
32.1
Casados
23%
Número de hogares
9,731
Hogares con niños
17.6%
Comunidad:
Población por edades
Población por grupos étnicos
Población por nivel educativo
Hogares por nivel de ingresos
Datos no disponibles
Tipos de ocupación
Transporte al trabajo