472 First ST, Athens, GA 30601 – 10382493 - Daniel Frankson

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Daniel Frankson

daniel@franksonrealty.com +1(404) 808-4867

Listed by Brandon Smith • Realty South Athens, LLC

$ 524,900

Est. payment -/mo

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Active

472 First ST Athens, GA 30601

6 Beds

3 Baths

5,227 Sqft Lot

UPDATED:

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

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Daniel Frankson

Real Estate Advisor | License ID: 348806

+1(404) 808-4867

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