$524,900
For Sale

472 First Street

Athens, GA 30601
6 beds | 3 baths | 0.12 acres | #10382493
Type:Purchase
Structure:House
Zone:Residential

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.

  • Interior Details
      • InteriorHigh Ceilings
    • Beds & Baths
      • Bedrooms6
      • Bathrooms3
      • Full Baths3
      • Bedrooms on Main Level2
  • Property Details
      • Lot DescriptionSloped
    • Measurements
      • Acres0.12
  • Construction Details
      • Basement DescriptionBath Finished, Exterior Entry, Finished, Interior Entry
      • StyleBungalow/Cottage, Other
      • Property TypePurchase
      • Basement1
      • Basement Finished1
    • Condition
      • Year Built2006
  • Utilities / Energy Details
      • Utility FeaturesCable Available, Sewer Connected, Electricity Available, High Speed Internet, Natural Gas Available, Water Available
      • Sewer InformationPublic Sewer
      • Utility SourcePublic
  • Community and Neighborhood Details
      • Elementary SchoolHoward B Stroud
      • High SchoolCedar Shoals
      • CountyClarke
      • Middle SchoolCoile
  • Financial Details
      • Taxes Annual$3,642
  • Other
      • MLS #10382493

Location

Dana G. LeachReal Estate Group
$
years

Down Payment

$
%
10.0%

Interest Rate

%
6.0%

Tax Rate

%
2.6%
$
$
annually
$
monthly

Note: The results shown are estimates only and do not include all factors. Speak with a licensed agent or loan provider for exact details. This tool is sourced from CloseHack.

Estimated Monthly Payment
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Loan Amount
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