Built in 2003 and recently renovated by current ownership, The Lodge of Athens is situated 0.8 miles from the highly ranked University of Georgia (UGA) campus in Athens, GA, where enrollment has grown by 22.6 percent over the past decade to 43,146 students in Fall 2024.
The Lodge of Athens offers fully furnished two-bedroom, two-bathroom floorplans up to 1,028 square feet in size. Each apartment includes a fully equipped kitchen, a full-size washer and dryer, private bedrooms and bathrooms and large screened-in porches. Recently remodeled deluxe units add upgraded kitchen and bathroom finishes, new cabinetry, stainless steel appliances, white quartz countertops, LVP flooring, carpeting, a 55″ TV, updated furniture and lighting.
Current ownership completed over $1.83 million in community and apartment renovations in 2024. An additional $820,000 in renovations are planned for Summer 2025 to continue upgrading 40 more units to deluxe finishes that have already been preleased for Fall 2025 at an average premium of $170 per bed—with a 30-40 percent discount to new-build, core, pedestrian assets. A future value-add opportunity remains for a new owner to continue upgrading the remaining 88 classic units to premium levels.