2811-2823 Riverbend Rd

Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

Description

Incredible investment opportunity on Riverbend Rd - 5 units next to UGA's golf course, 100% Leased, generating $151,800 in annual gross rents. Pre-leased for 2017-2018 school year for $153,000 annual gross rents. One house was fully gutted and renovated in 2011 The other two houses (each a duplex) are 5 bedroom houses, totaling 27 bedrooms across the 3 units. Each house is a 4 bedroom, 4.5 bathroom. Sold on a 6.4% CAP rate, NOI of $98,670Incredible investment opportunity on Riverbend Rd - 5 units next to UGA's golf course, 100% Leased, generating $151,800 in annual gross rents. Pre-leased for 2017-2018 school year for $153,000 annual gross rents. One house was fully gutted and renovated in 2011 The other two houses (each a duplex) are 5 bedroom houses, totaling 27 bedrooms across the 3 units. Each house is a 4 bedroom, 4.5 bathroom. Sold on a 6.4% CAP rate, NOI of $98,670
  1. Listed by Jill Swope • CollegeTown Properties LLC
    P: (706)-850-7740

Property Details for 2811-2823 Riverbend Road

Subdivision Name
Fivepoints
LISTING CLOSED: 02/07/2017 12:00 AM

Property Details for 2811-2823 Riverbend Road

StatusClosed
MLS #CM954372
Days on Market1
Taxes-
HOA Fees-
Condo/Co-op Fees-
Property TypeMulti Family
MLS TypeResidential Income / Multi Family
Year Built2012
Lot Size1.76 AC / 76,665 SF
CountyClarke County

Location

Listing Courtesy of CollegeTown Properties LLC, Jill Swope

Sold By Athens Classic Properties, Inc., Matt Presnell

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Building Information for 2811-2823 Riverbend Road

Stories2Residences4Year Built2012Building Size-Lot Size1.76 AC / 76,665 SF

Payment Calculator

$7,674 per month

30 year fixed, 6.36% Interest

Principal and Interest

$7,674

Property Taxes

$0

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

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Property Information for 2811-2823 Riverbend Road

Summary
Location and General Information
  • Country Subdivision: 13059
  • Directions: From downtown, head South on Milledge Ave, take a left on Riverbend Rd, houses are on your right.
  • Latitude: 34
  • Longitude: -83
Taxes and HOA
  • Association: No
  • Parcel Number: 181 007B
School Information
  • Elementary School: Barnett Shoals
  • High School: Cedar Shoals
  • Middle Or Junior School: Hilsman Middle
Parking
  • Garage: No
  • Parking Total: 27.0
  • Parking Features: Off Street
Property
Lot Information
  • Lot Size Range: 1-2 Acres
  • Below Grade Finished Area Units: Square Feet
  • Below Grade Unfinished Area Units: Square Feet
  • Lot Size Acres: 1.76
  • Lot Size Area: 1.76
  • Lot Size Units: Acres
Property and Assessments
  • Restrictions: Restrictive Covenant
  • Property Sub Type: Multi Family
  • Property Type: Residential Income
  • Year Built: 2012
  • Permitted Use: Public
Utilities
  • Sewer Provider: Septic Tank
  • Water Source: Public
Interior and Exterior Features
Exterior Features
  • Construction Materials: Other
  • Exterior Features: Other
  • Foundation Details: Slab
  • Stories Total: 2
Interior Features
  • Bathrooms Full: 27
  • Bathrooms Total Integer: 27
  • Bedrooms Total: 27
  • Basement: Crawl Space
  • Cooling: Heat Pump
  • Cooling: Yes
  • Flooring: Vinyl
  • Heating: Yes
  • Heating: Central, Forced Air
  • Interior Features: Other
  • Room Type: Other
Multi Family
Multi Family Information
  • Number Of Units In Community: 5
  • Number Of Units Total: 4
Mobile Home
Mobile Home Information
  • Home Warranty: No

Property History for 2811-2823 Riverbend Road

DateEvent & SourcePriceAppreciation
Feb 7, 2017

Sold

NCRMLS #CM954372

$1,540,000
Feb 7, 2017

Listed (Active)

NCRMLS #CM954372

$1,540,000
DateEvent & SourcePrice
02/07/2017

Sold

NCRMLS #CM954372

$1,540,000
02/07/2017

Listed (Active)

NCRMLS #CM954372

$1,540,000

For completeness, we often displays two records for one sale: the MLS record and the public record.

Schools near 2811-2823 Riverbend Road

This home is within Clarke County School District.
Rating
School
Type
Grades
Distance
Public - PK to 5
Public - 6 to 8
Public - 9 to 12
Public - 9 to 12
Rating
School
Distance
Barnett Shoals Elementary School
PublicPK to 5

Hilsman Middle School
Public6 to 8

Cedar Shoals High School
Public9 to 12

Classic City High School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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Listing Courtesy of CollegeTown Properties LLC, Jill Swope

Based on information from one of the following Multiple Listing Services:FMLS,FMLS_CS,GAMLS,Middle GA MLS,Columbus Board of REALTORS, Northeast Georgia Board of REALTORS.Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by FMLS,FMLS_CS,GAMLS, Middle GA MLS,Columbus Board of REALTORS, Northeast Georgia Board of REALTORS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.