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10
Photos
6
beds
3
baths
Built in
2006
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.
Features & Amenities
Interior
- General:
- High Ceilings
- Appliances:
- Dryer, Washer, Dishwasher, Microwave, Refrigerator
- Laundry:
- Laundry Closet
- Basement:
- Finished Bath, Exterior Entry, Finished, Interior Entry
- Flooring:
- Hardwood, Tile, Carpet
- A/C:
- true, Electric, Dual
- Heating:
- true, Central, Dual
- Fireplace:
- Fireplaces: 0
Exterior
- Style:
- Bungalow/Cottage, Other
- Parking:
- Carport, Off Street
Construction
- Roofing:
- Composition
- General:
- Concrete, Two
Location
- HOA Amenities:
- 0.0
- Originating MLS:
- Georgia MLS 2
- County:
- Clarke
Lot
- Zoning:
- 164C1 A007A
Utilities
- Utilities:
- Cable Available, Sewer Connected, Electricity Available, High Speed Internet, Natural Gas Available, Water Available, Electricity on Property
- Water:
- Public
- Sewer:
- Public Sewer
Financial
- Source:
- Georgia MLS 2
This listing courtesy of:
Realty South Athens, LLC, Brandon Smith
Monthly Payment
Disabled 10% or more?
Used a VA Loan before?
Eligible for BAH?
Do you have dependents?
Your BAH amount is for the military housing area.
Loan term (number of years)
Property taxes are generally around 1.2% of the home’s value, but may vary based on location.
Annual homeowners insurance is typically 0.35% of the home’s value but can vary based on insurer.
$---
Est. Payment *
- Principal & Interest $--
- Taxes $--
- Insurance $--
- VA Funding Fee $--
$--- Est. Payment - $--- BAH = $--- Remaining
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About Athens, GA
Housing
- Number of Units
- 51,934
- Median Home Value
- $222,972
- Median Rent
- $766
60.98% of housing units are renter occupied.
7.79% are vacant.
Commute
- Car
-
64.24%
- Public Transportation
-
2.75%
- Walk to Work
-
4.16%
- Work from Home
-
27.40%
- Other
-
0.43%
The median travel time to work is 15 minutes.
People
- Population
- 127,498
- Median Age
- 32.70
- Median Household Size
- 2.52
Education
- High School
-
18.88%
- Associate’s Degree
-
7.32%
- Bachelor’s Degree
-
23.65%
- Graduate Degree
-
23.06%
Disclaimer: Community and Demographic information uses data from the U.S. Census Bureau but is not endorsed or certified by the Census Bureau.
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