City View Apartments
Student Housing | Athens, GA | 65 Beds
Marketing description
Marcus & Millichap is pleased to present the exclusive listing of City View Apartments in Athens, GA. City View Apartments offers the opportunity to acquire a cash-flowing student housing asset at UGA with below market rents at a meaningful discount to replacement cost. Current rents are below every direct comparable and below the Athens market average across all unit types — a condition driven by recent new supply in the submarket that has already begun normalizing. An incoming owner benefits from parental guarantees on every lease, zero historical collection loss, and a straightforward path to revenue growth in one of the top college markets in the US.
Deal Room Access: https://www.marcusmillichap.com/properties/202208/city-view-apartments
For more information contact Harold Shepard at [email protected] or (678) 808-2808.
***Do not submit LOI via Crexi
Investment highlights
- Parental Guarantees on Leases: The property has zero historical collection loss, a materially different risk profile than conventional multifamily
- Rents Below Every Direct Comparable: Rents are below the Athens market average and below direct comparables on the same street, giving an incoming owner a straightforward path to revenue growth
- Recession-Resistant Asset: Direct Access to UGA and Downtown Athens. UGA’s growing enrollment and Athens’ standing as a premier SEC college town provide consistent demand regardless of broader economic conditions
- Basis Below Replacement Cost: City View offers an entry point well below what newer purpose-built student housing is trading for in Athens, providing meaningful downside protection
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