159East Cloverhurst Avenue
Property at a glance
Highlights
Eight one-bedroom / one-bath units in a single all-brick building — Five Points, south of the UGA campus
Owner-reported 100% occupancy since 2015 under guarantor-backed leases
2025 gross income $127,075 at a 34.2% operating-expense ratio (owner records, unaudited)
Reinvested since 2015: membrane roof, double-pane windows, HVAC 2016–2018, LVT flooring, refreshed kitchens and baths
0.36-acre infill parcel with 16 on-site spaces — two per unit — and an on-site maintenance building
RM-1 zoning; ownership reports preliminary groundwork toward division into two four-unit buildings or condominiums — buyer to verify
Interior & Exterior
The Offering
An Established Campus-Edge District
Five Points is the retail and residential district centred on Milledge Avenue and South Lumpkin Street, immediately south of the University of Georgia. The subject sits within the Midtown-Bloomfield neighbourhood, roughly a quarter-mile northeast of the Five Points node and a comparable distance from the southern edge of the UGA athletics complex. Campus-edge multifamily in this pocket is closely held and comes to market infrequently.
- 6minDowntown Athens1.2 mi
- 100minDowntown Atlanta70 mi
- 103minHartsfield-Jackson75.3 mi
Typical driving time and road distance via Mapbox Directions, excluding live traffic.
Typical Unit — 1 Bed / 1 Bath
All eight units share the same one-bedroom, one-bath plan: an open living-and-kitchen room, a separate bedroom with closet, a full bath and in-unit stacked laundry. Plan drawn from a measured scan of Unit 7. Unit dimensions and areas are approximate and provided for illustrative purposes only; buyer to verify.
Floor plans are approximate and provided for illustrative purposes only. Verify all dimensions.
Due Diligence
Marketing materials download immediately. Diligence items require contact information; confidential items require an executed NDA.
By the Numbers
Overview
Campus Walk is an eight-unit multifamily property in the Five Points district of Athens, on the south side of the University of Georgia. The single all-brick building holds eight one-bedroom, one-bath flats of approximately 660 square feet, each with individual heat-pump HVAC, in-unit stacked laundry and luxury vinyl-tile flooring. The 0.36-acre infill parcel carries 16 on-site spaces, two per unit, which is uncommon in this pocket of Athens.
Ownership acquired the property in 2011 and has held it since, reinvesting steadily rather than trading it. The envelope was addressed first — a commercial rubber-membrane roof and double-pane windows throughout — followed by individual Goodman heat pumps across all eight apartments between 2016 and 2018. Interiors were taken unit by unit: maple luxury vinyl-tile flooring in 2018, LVT in the baths in 2020, smooth-top ranges, brushed-nickel fixtures, low-flow fittings and refurbished tubs. Site work followed, with a new driveway and resurfaced parking lot, a concrete dumpster pad, slate foyers, new front doors and refreshed landscaping.
Ownership discloses items not yet addressed. Roughly five of the eight water heaters date to 2004–2010 and should be underwritten as a near-term replacement. The 1972 structure carries original plumbing, electrical and sewer age beneath the cosmetic updates, and the 2016–2018 HVAC units are mid-life and should be planned for across a normal hold period. All income, expense and occupancy figures are owner-provided and unaudited; buyer to verify.
Contact
Nearly 15 years in commercial brokerage across Northeast Georgia — investment sales, leasing strategy, and development feasibility. Schedule a tour or request the full diligence package.
Office 706.425.4000 · Thrive.RealEstate