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Athens,GA 30601
Key Details
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Active
Purchase Type For Sale
MLS Listing ID 10382493
Style Bungalow/Cottage,Other
Bedrooms 6
Full Baths 3
Construction Status Resale
HOA Y/N No
Year Built 2006
Annual Tax Amount $3,642
Tax Year 2023
Lot Size 5,227 Sqft
Property Description
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.
Location
State GA
County Clarke
Rooms
Basement Bath Finished,Exterior Entry,Finished,Interior Entry
Main Level Bedrooms 2
Interior
Interior Features High Ceilings
Heating Central,Dual
Cooling Electric,Dual
Flooring Hardwood,Tile,Carpet
Exterior
Garage Carport,Off Street
Community Features None,Walk To Public Transit,Walk To Schools,Walk To Shopping
Utilities Available Cable Available,Sewer Connected,Electricity Available,High Speed Internet,Natural Gas Available,Water Available
Roof Type Composition
Building
Story Two
Sewer Public Sewer
Level or Stories Two
Construction Status Resale
Schools
Elementary Schools Howard B Stroud
Middle Schools Coile
High Schools Cedar Shoals