Active
472 First Street
Athens GA, 30601
$524,900
$257.30 per sqft
Active
6 Beds
3 Baths
2,040 sqft
Residential
Built in 2006
Listed by Brandon Smith with Realty South 706-215-0061
Nestled near the University of Georgia, in the vibrant heart of Athens, GA, sits a modern bungalow ripe for the taking by the astute student housing investor. This isn't merely a property; it's a strategic asset with prime location and robust rental history.
Property Overview:
Location: Proximity to UGA and the stadium ensures constant demand from students.
Layout: A spacious 6-bedroom, 3-bathroom setup designed for student living.
Rental Status: Currently leased at $3,900 monthly through July 2025, guaranteeing immediate cash flow.
Investment Highlights:
High Cap Rate: Priced to deliver an attractive cap rate, promising excellent ROI.
Rental Stability: The area's high demand for student housing means low vacancy rates.
Versatile Layout: Ideal for accommodating multiple students or privacy-conscious tenants.
Property Features:
Main Floor: Warm hardwood floors and freshly painted walls lead to a large living/dining area, perfect for groups or study sessions.
Kitchen: Open plan, fostering a communal living environment.
Upstairs: Additional bedrooms, one with a private porch, enhancing appeal for students seeking personal space.
Basement: Fully finished with two more bedrooms, offering versatile accommodation options.
Why Invest in Student Housing Here?
Consistent Demand: Proximity to UGA ensures year-round occupancy.
Economic Resilience: Student housing often performs well even in economic downturns due to the necessity for student accommodation.
Growth Potential: The area's development and UGA's expansion could lead to property value appreciation.
Investment Strategy:
Long-Term Vision: This property isn't just about immediate returns but also about capital growth in a market with stable demand.
Future Development: With UGA's growth, properties in this locale could see increased value over time.
This bungalow isn't just a home; it's a smart investment in one of the most dynamic student markets in Georgia. With immediate rental income secured through July 27th 2025 and a strategic location near UGA, this property stands as an exemplary choice for those looking to invest in student housing. It's not just about buying real estate; it's about securing a piece of a thriving, recession-resistant market where your property not only pays for itself but also holds the promise of future appreciation.
Whether you're looking to dive into the real estate market with a property that's already proving its worth or seeking a home that places you at the epicenter of Athens' energy, this bungalow is your canvas. Ready to be painted with your dreams, it stands as a testament to smart living and even smarter investing. Come, see, and seize the opportunity that this property in the shadow of UGA and the roar of the stadium offers.
1021487
MLSⓇ ID
September 19, 2024
Listed
October 1, 2024
Updated
Map
472 First Street
Athens GA, 30601
Interior Features
Total Stories
2
Bedrooms
6
Total Bathrooms
3
Full Bathrooms
3
Interior Features
Ceiling Fan(s), Custom Cabinets, High Ceilings, Bedroom on Main Level, Loft
Appliances
Dryer, Dishwasher, Microwave, Range, Refrigerator, Washer
Laundry Description
Laundry Closet
Floor Description
Carpet, Tile, Wood
Fireplace
No
Fireplace Description
None
Cooling
Yes
Cooling Description
Electric, Multi Units
Heating
Yes
Heating Description
Central, Multiple Heating Units
Exterior/Building Features
Lot Size
0.12 Acres
Exterior Features
Porch
Lot Features
Sloped
Architectual Style
Cottage, Other, See Remarks
Sewer
Public Sewer
School Information
High School
Cedar Shoals
Elementary School
Stroud Elementary
Other Property Details
Taxes
$3,642
Tax Frequency
Annually
Days on Market
8
Association Amenities
None
Garage
Yes
Garage Spaces
2
Parking
Additional Parking, Underground, Off Street, Parking Available
Parking Total
4
View
No
County
Clarke Co.
Water Source
Public
Pool
No
Listing History
Date | Event | Price |
---|---|---|
9/27/2024 | Price change | $524,900 -1% |
All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor Gena Knox shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.
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