2050 State Highway 31 | Athens, TX 75751
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- LoopNet Team
2050 State Highway 31
Athens, TX 75751
Athens Reserve · Multifamily Property For Sale · 122 Units
Investment Highlights
- Capex Investments Include: Zoning Approved for Multifamily, New Roofs on All Buildings. Asbestos Abatement, All New Exterior Doors, and More
- Strategically Located Just off Hwy-31 and Loop-7
- Athens Boasts an Average Occupancy Rate of 96%, With a Strong Demand for Studio/ABP Units
- Property Sits on 11+ Acres of Land – Ready for Conversion to Apartments, Senior Living, or Hotel
- Extremely Low Basis That Allows for Significant Renovation Budget While Staying Below Replacement Cost
PROPERTY FACTS
| No. Units | 122 | Lot Size | 10.64 AC |
| Property Type | Multifamily | Construction Status | Under Renovation |
| Property Subtype | Apartment | Building Size | 35,136 SF |
| Apartment Style | Low Rise | No. Stories | 2 |
| Building Class | B | Year Built/Renovated | 1981/2025 |
| No. Units | 122 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | B |
| Lot Size | 10.64 AC |
| Construction Status | Under Renovation |
| Building Size | 35,136 SF |
| No. Stories | 2 |
| Year Built/Renovated | 1981/2025 |
Unit Amenities
- Air Conditioning
- Microwave
- Heating
- Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
Site Amenities
- 24 Hour Access
- Controlled Access
- Laundry Facilities
- Tenant Controlled HVAC
- Package Service
- Maintenance on site
- Online Services
- Walk-Up
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 122 | $680.00 | 288 |
PROPERTY TAXES
| Parcel Number | 2455-0000-012A-01 | Improvements Assessment | $1,232,352 |
| Land Assessment | $383,664 | Total Assessment | $1,616,016 |
PROPERTY TAXES
Parcel Number
2455-0000-012A-01
Land Assessment
$383,664
Improvements Assessment
$1,232,352
Total Assessment
$1,616,016
zoning
| Zoning Code | MF-5 |
| MF-5 |
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