Multifamily

160 Ashmore Drive

Athens, GA 30601

Location

160 Ashmore Drive, Athens GA 30601

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List Price$335,000
2 Units$167,500 per unit
Est. Year 1 Cash Flow+$6,096
7.8%Est. Cap Rate
7.3%Est. CoC
1.30xEst. DSCR
ScreenableListing evidence · class A
Rents2 / 2 units
Who paysWater tenant · Elec tenant · Gas tenant · Trash tenant
OccupancyNot in remarks
FinancialsMLS GI/NOI empty · Tax $3,734 (2025)

Property Financials

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Data last updated: October 5, 2026 at 4:01 PM EST
ACTIVE
FMLS #7801833
Listing Provided By Simply Homes ATL, LLC · 470-418-1194
Description

Property Description

Investor Opportunity – Fully Renovated Duplex with Strong Income Potential Beautifully renovated duplex featuring two 2-bedroom, 1-bathroom units (4 bedrooms, 2 bathrooms total). This turnkey investment has been extensively updated with luxury vinyl plank (LVP) flooring throughout, a new roof, modern kitchens with granite countertops, renovated bathrooms, and new HVAC systems for both units. Unit 160 is currently occupied, providing immediate rental income, while Unit 162 has been fully renovated and is move-in ready with the same functional floor plan as Unit 160. Each unit has an estimated market rent of $1,300–$1,500 per month, offering excellent income potential. Whether you're an investor seeking a low-maintenance, cash-flowing asset or an owner-occupant looking to offset your mortgage by living in one unit and renting the other, this property offers exceptional flexibility and value. Conveniently located near shopping, schools, and major roadways, this move-in-ready duplex presents an outstanding opportunity to generate steady rental income and build long-term wealth through real estate.
Listing facts

From this record

  • Mix from remarks: 2× 2bd

2 doors on the listing. Generic market notes are below the fold.

Unit Mix & Available Rent Roll

Breakdown based on data provided in the FMLS listing· HUD Small Area FMR (ZIP 30601, FY2027)shown for comparison

UnitBedsBathsMonthly RentHUD SAFMRElecGasWaterGarbMaint
Unit 121$1,300$1,430+$130NNNNN
Unit 221$1,925$1,430-$495NNNNN
Total2 units$3,225Y = owner-paid · — = unknown

* Rent roll information is taken from the available FMLS listing data. Many multifamily listings do not include complete or verified tenant financials. Always verify actual rents, leases, and operating expenses during due diligence. HUD Small Area Fair Market Rents (ZIP-level payment standards) are published by the U.S. Department of Housing and Urban Development and are shown for comparison only.

Calculator

Investment Calculator

Starts from list price and unit count. Pre-filled from From Rent Roll.. Override any value.

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Repairs, pest, landscaping, cleaning, admin. Water and trash are separate lines. Electric/gas off when tenant-paid.

Conventional = fully amortizing. Commercial = shorter call + balloon. Seller finance = below-market note. Cash = no loan.

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Published from unit rents. Calculator defaults match the hero stack.

Coverage rules
  • GPI pre-fills only from MLS GI, a building-total UnitTypes row, or a rent roll covering ≥ 80% of doors.
  • A single sample rent is not averaged across the building.
  • Vacancy floor is max(5%, 100 − present occupancy in remarks).
  • Mgmt 8% at 8+ units, else 10%. Insurance $800/door. R&M $800/door.
  • Utility allowances turn on only when the who-pays grid or remarks say owner-paid.
  • SAFMR push is mix-weighted and hidden when the sample is extrapolated from thin coverage.
  • Commercial = 30% / 7% / 25-yr amort. Conventional = 25% / 7% / 30-yr. Cash = 100% equity, no debt service. CoC = NOI ÷ price.
Screenable

Jeff’s Investment Take

Market data · October 2026

Working thesis

In-place / MLS numbers screen: DSCR 1.30x clears typical lender floors.

Ask is 18% above recent Clarke County close $/door.

  • Published cap 7.8% sits above county sold NOI cap 6.3%.
Est. Cap Rate7.8%
Est. Cash-on-Cash7.3%
Est. DSCR1.30xconventional
Price / Unit$167,500
vs Local Close $/Door18% above recent close $/door
Directional local contextClarke County

Thin sample for this geography. Treat medians as orientation only — verify with current rent roll and comps.

Med. close $/door$142,0006 closed · 12 mo
Med. asking rent$1,613
Months of supply4.0Active ÷ (12-mo closed ÷ 12)
County sold gross9.7%Rent ÷ close · T12 sold tape
County asking gross9.8%Rent ÷ list · live asks
County sold NOI cap6.3%Calculator stack on closes

Modeled from available FMLS data, unit mix, and operating assumptions, with directional local / North Georgia context. DSCR and cash-on-cash use conventional terms (25% down / 7% / 30-yr) for ≤4 units. Always verify with current rent roll and expenses.

Estimated offer

Price that clears 1.25× DSCR

Modeled basis so in-place NOI covers debt at 1.25× on default conventional terms. Not a bid. If you want to offer — including below this number or below list — start here. Jeff will request the rent roll and T-12 before anyone writes a number.

Estimated offer$335,000$167,500 / door · Capped at list $335,000 — ask already clears 1.25×
  • Solve: max purchase price where modeled NOI ÷ annual debt service = 1.25×.
  • Debt assumed at 25% down / 7% / 30-yr · conventional. Vacancy 5.0%, management 10% of EGI, modeled opex (tax record + insurance / R&M allowances).
  • List $335,000 already clears 1.25× on these assumptions, so the published basis is list — never above ask.

Change GPI, expenses, or terms in the Investment Calculator to re-solve. Always confirm with the rent roll and T-12 before writing an offer.

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Disclaimer

Important Investment Information

Median estimated cap, cash-on-cash, and DSCR require MLS gross income or NOI, a dated broker package, a listing building total, or a unit rent roll covering at least 80% of doors. Thin records stay Incomplete — those yields are not printed in the hero or on cards. The calculator is a labeled scenario, not in-place income.

When a line is missing we use disclosed defaults only inside the calculator: vacancy floor of max(5%, 100 − present occupancy in remarks); management 8% of EGI at 8+ units otherwise 10%; insurance $800 per door; R&M $800 per door. Utility allowances turn on only if the who-pays grid or remarks say owner-paid (water $900–1,800 per door until a T-12). A single who-pays row does not set the building. We do not use an all-in “other” of $1,100 per door, and we do not average one sample rent across the building.

Rent coverage 100% — yields published from unit rents

Some figures shown on this page are estimated because complete data was not provided in the listing. Estimated values are clearly marked.

Any estimated or modeled figures represent the independent analysis of Jeff Crowe / Century 21 The Avenues and are not supplied by FMLS or the listing broker.

This website and its content are for informational and educational purposes only. Nothing on this site constitutes financial, investment, tax, or real estate advice. All information is deemed reliable but not guaranteed. You should always conduct your own thorough due diligence, verify all data independently, review the physical condition of the property, and consult with your own qualified attorney, accountant, and investment advisor before making any purchase decision.