472 First ST Athens, GA 30601
6 Beds
3 Baths
2,040 SqFt
UPDATED:
09/30/2024 02:07 PM
Key Details
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Active
Purchase Type For Sale
Square Footage 2,040 sqft
Price per Sqft $257
Subdivision No Recorded Subdivision
MLS Listing ID 1021487
Style Cottage,Other,See Remarks
Bedrooms 6
Full Baths 3
HOA Y/N No
Abv Grd Liv Area 1,560
Year Built 2006
Annual Tax Amount $3,642
Tax Year 2023
Lot Size 5,227 Sqft
Acres 0.12
Property Description
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 Co.
Community Public Transportation
Rooms
Basement Bathroom, Bedroom, Exterior Entry, Finished, Interior Entry
Main Level Bedrooms 2
Ensuite Laundry Laundry Closet
Interior
Interior Features Ceiling Fan(s), Custom Cabinets, High Ceilings, Bedroom on Main Level, Loft
Laundry Location Laundry Closet
Heating Central, Multiple Heating Units
Cooling Electric, Multi Units
Flooring Carpet, Tile, Wood
Fireplaces Type None
Fireplace No
Appliance Dryer, Dishwasher, Microwave, Range, Refrigerator, Washer
Laundry Laundry Closet
Exterior
Exterior Feature Porch
Garage Additional Parking, Underground, Off Street, Parking Available
Garage Spaces 2.0
Garage Description 2.0
Community Features Public Transportation
Amenities Available None
Waterfront No
Water Access Desc Public
Porch Covered, Porch
Parking Type Additional Parking, Underground, Off Street, Parking Available
Total Parking Spaces 4
Building
Lot Description Sloped
Entry Level Two
Foundation Basement
Sewer Public Sewer
Water Public
Architectural Style Cottage, Other, See Remarks
Level or Stories Two
Schools
Elementary Schools Stroud Elementary
Middle Schools Coile Middle
High Schools Cedar Shoals
Others
HOA Fee Include None
Tax ID 164C1-A-007-A
Special Listing Condition None
