Updated Dec 4, 2024
Woodlake Properties Acquires Multifamily In Athens, GA From Ambling Property Investments
690 Fourth Street
Building Size
131,000 SF
Asset Type
MultiFamily
Closing
Jun 5, 2024
About this deal
AI
The multifamily property located at 690 Fourth Street in Athens, GA, spans 131,000 square feet and consists of 120 units. The transaction involved the sale of this asset from seller Ambling Property Investments to buyer Woodlake Properties. Brokers Jonathan Brody and Josh Dachs from Base Realty Group facilitated the deal.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: Not provided
- Buyer: Woodlake Properties - David Kreiser & TJ Liebes
- Seller: Ambling Property Investments
- Brokers: Jonathan Brody & Josh Dachs - Base Realty Group
The key individuals involved in the transaction were David Kreiser and TJ Liebes representing Woodlake Properties as the buyers. Additionally, the sale was facilitated by Jonathan Brody and Josh Dachs from Base Realty Group, acting as the brokers in this property deal.
On the Map
MultiFamily
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Athens MultiFamily Market Snapshot
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93