River Oaks – 154 Beds

Waterstone Multi-Family Group is pleased to present the River Oaks apartments – a 51-unit (154 beds) student housing property located in Athens, GA.  Built between 1996 and 2002, River Oaks includes is well-situated – just four minutes from the University of Georgia, eight minutes from downtown Athens, thirteen minutes from the nearest grocery & shopping center, and twelve minutes from the nearest medical center.  The property offers tenants multiple premier amenities including:

  • 24-hr Emergency Maintenance
  • Premium Cable (w/ HBO & Showtime)
  • Saltwater Swimming Pool
  • Pet-Friendly park area
  • Picnic area
  • Washer & Dryer in each unit
  • Private Bathrooms
  • On-Site Management
  • First Floor Alarm System

 

The property requires no CapEx repairs, is in stellar condition, and is professionally managed. All leases are at schedule for the 2018/2019 academic year.  Only one bed is currently available.  This property is fully pre-leased for next year’s 2019/2020 academic year as well.

Athens has a growing number of young technology companies including Docebo, Roundsphere, and Cogent Education. The city also has more established technology companies such as Partner Software, Peachtree Medical Billing, and Digital Insight.  Athens is home to several pharmaceutical manufacturing and biotechnology companies such as Merial and Janssen Pharmaceuticals, Inc. The University of Georgia also hosts its own biotechnology research centers mostly from the lower east side of town bordering Oconee County.

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Other

  • Address: 148 Old Will Hunter Road Athens, Georgia 
  • Area: Athens 
  • Number of Units: 51 
  • Year Built: 1996 
  • Acres: 6.7