Investment Overview

Marcus & Millichap is pleased to present for sale Scarborough Place Apartments and Sleepy Creek Condominiums. This offering presents a rare value-add opportunity in the rapidly growing Athens, GA market. Current rents trail the market by approximately $150–$200 per unit, providing immediate upside through rental adjustments, with minimal capital expenditures required. The property boasts a strong occupancy track record, historically operating at or near full capacity. Additionally, the property was built with condo specifications, offering the potential for individual condo sales. Athens is anchored by the University of Georgia and several of the state’s top medical institutions, fueling consistent housing demand and long-term investment stability.