394 Oconee Street, Athens, GA 30601

Property Description

Rare opportunity to acquire a fully leased, 16-bedroom investment portfolio in prime locations near UGA and Downtown Athens! This bulk offering includes four 4-bedroom condos-three in Milledge Place on South Milledge Avenue and one in Steeplechase on Oconee Street. Fully leased through July 31, 2027, the portfolio offers dependable forward income, operating efficiencies and potential tax advantages for qualifying investors using accelerated depreciation or 1031 exchange. Steeplechase is an established 21-unit condominium community ideally located on Oconee Street in Downtown Athens. All 21 condos feature four bedrooms, two baths, on-site parking & in-unit laundry. Its highly walkable location provides convenient access to UGA, downtown dining, shopping and entertainment, as well as the nearby North Oconee River Greenway. Steeplechase also occupies a unique place in Athens history beside the preserved St. Mary's Steeple, the site where R.E.M. played its first show in 1980. This rare combination of location, functional floorplan, parking and cultural significance supports Steeplechase's enduring appeal as an Athens investment property. Steeplechase is surrounded by UGA, The HUB Apartments ($78 Million*), The Mark ($183 Million*), The Rive ($14 Million*) & More. *Value from recent sale or 2026 Tax Assessed value. Milledge Place is an established 74-unit condominium community located on S Milledge Avenue, just outside the Athens Perimeter but close to Five Points, UGA and Downtown Athens. The community features brick exteriors, a mix of two-, three- and four-bedroom floorplans, a swimming pool, ample parking, covered bicycle parking, bus stop at the entrance & sidewalks to Campus & Downtown! UGA's golf course, soccer, softball and new track-and-field facilities, along with the State Botanical Garden of Georgia, are all nearby. Milledge Place offers investors the opportunity to own in an established community with the coveted Milledge Avenue address.