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

November 22, 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 Alissa Carrier shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.

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