RICHARD LEVINE
Senior Managing Director
404.654.2590
Richard.Levine@berkadia.com
JOHN BRAY
Senior Managing Director
404.654.2595
John.Bray@berkadia.com
JOSH FINLEY
Managing Director
404.654.2594
Josh.Finley@berkadia.com
MORTGAGE BANKING
MIKE RILEY
Director
470.681.1389
Mike.Riley@berkadia.com
ANDREW MAYS
Senior Managing Director
404.445.1067
Andrew.Mays@berkadia.com
PAUL VETTER
Senior Managing Director
404.445.1068
Paul.Vetter@berkadia.com
INVESTMENT SALES
3550 Lenox Road, Suite 2600
Atlanta, GA 30326
713.974.T: 404.445.2600 | F: 404.445.1065
ATLANTA OFFICE
THREE ALLIANCE CENTER
CONTACT US
156 OAK BLUFF DRIVE | ATHENS | GA | 30607
Berkadia®, a joint venture of Berkshire Hathaway and Jefferies Financial Group, is an industry leading commercial real estate company providing comprehensive capital solutions and investment sales advisory and research services for multifamily and commercial properties. Berkadia® is amongst the largest, highest rated and most respected primary, master and special servicers in the industry. This advertisement is not intended to solicit commercial mortgage loan brokerage business in Nevada.
© 2023 Berkadia Real Estate Advisors LLC and Berkadia Real Estate Advisors Inc. Berkadia® and Berkadia Commercial Mortgage® are trademarks of Berkadia Commercial Mortgage LLC. Investment sales and real estate brokerage businesses are conducted exclusively by Berkadia Real Estate Advisors LLC and Berkadia Real Estate Advisors Inc. Commercial mortgage loan origination and servicing businesses are conducted exclusively by Berkadia Commercial Mortgage LLC and Berkadia Commercial Mortgage Inc. Tax credit syndication business is conducted exclusively by the Tax Credit Syndication group. For state licensing details for the above entities, visit www.berkadia.com/licensing.
THE LOCATION
PHOTO GALLERY
unit amenities
Fully Equipped Kitchen
Microwaves
Ceiling Fans
New HVAC Systems
New Water Heater
Washer and Dryer Hook-ups
Patio
Front-Door Parking
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Property Summary
Property Name
Address
City, State, Zip
County
Units
Built
Buildings
Stories
Density
Site Acreage
Total Rentable SF
Average Unit SF
Exterior
Roof
Park Oaks
100-202 Oak Bluff Drive
Athens, GA 30607
Clarke
40
2001
20
One-Story, Duplex-Style
1.75 Units Per Acre
22.92
44,840
1,121
Brick Masonry
Pitched - Composition Shingle
THE ASSET
Long-term resident rents trail new resident rents by $150+ with rent comps supporting nearly $103K of untapped income potential
ORGANIC UPSIDE
Strict tenant underwriting requirements have led to 100% rent collection over trailing 12 months
SPOTLESS OPERATIONS
Park Oaks has benefited from ongoing capital improvements totaling over $1M ($26,682/Unit)
Turnkey Asset
Park Oaks’ large units (1,121 square feet) and standalone brick exteriors mirror in-demand BTR product with the opportunity to add amenities
Value-Add, BTR-style Product
Athens ranks 33rd nationally in projected job growth through 2060, and neighboring Jackson County has seen 25% population growth since 2010
Asset Surrounded by Growth
INVESTMENT HIGHLIGHTS
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100-202 Oak Bluff Drive | ATHENS | GA | 30607
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