472 First Street

Athens, GA 30601

$524,900
Price
6
Beds
3
Baths
—Sq. Ft.
— / Sq. Ft.
—
Sq. Ft.
—
per Sq. Ft.

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,...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.
  1. Listed by Brandon Smith • Realty South Athens, LLC

Property Details for 472 First Street

Subdivision
None
Style
Bungalow/Cottage, Other
Fees Include
None
Parking
Carport, Off Street
LISTING UPDATED: 09/30/2024 01:06 AM

Property Details for 472 First Street

StatusActive
MLS #10382493
Days on Market63
Taxes$3,642 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeSingle Family
MLS TypeResidential / Single Family Residence
Year Built2006
Lot Size0.12 AC / 5,227 SF
CountyClarke County

Building Information for 472 First Street

Stories2Year Built2006Building Size-Lot Size0.12 AC / 5,227 SF

Property Information for 472 First Street

Summary
Location and General Information
  • Elementary School: Howard B Stroud
  • High School: Cedar Shoals
  • Middle School: Coile
  • Amenities: None, Walk To Public Transit, Walk To Schools, Walk To Shopping
  • Directions: From Downtown Take North Ave away from Downtown. Turn Right onto First St. Home will be on the left.
  • Lot Description: Sloped
Taxes and HOA
  • Association: No
  • Parcel Number: 164C1 A007A
Interior and Exterior Features
Interior Features
  • Total Fireplaces: 0
  • BAF Lower: 1
  • BAF Main: 1
  • BAF Upper: 1
  • BAH Lower: 0
  • BAH Main: 0
  • BAH Upper: 0
  • BR Lower: 2
  • BR Main: 2
  • BR Upper: 2
  • Interior: High Ceilings
  • Rooms: Loft
  • Laundry Features: Laundry Closet
  • Basement Description: Bath Finished, Exterior Entry, Finished, Interior Entry
  • Appliances: Dryer, Washer, Dishwasher, Microwave, Refrigerator
  • Flooring: Hardwood, Tile, Carpet
Exterior Features
  • Roof Type: Composition
  • Patio And Porch Features: Porch
Property
Utilities
  • Cooling: Electric, Dual
  • Heating Type: Central, Dual
  • Water/Sewer: Public Sewer
  • Utilities: Cable Available, Sewer Connected, Electricity Available, High Speed Internet, Natural Gas Available, Water Available
  • Water Source: Public
Property and Assessments
  • Tax Year: 2023
  • Below Grade Finished: 0
  • Below Grade Unfinished: 0
  • Construction: Concrete
  • Stories: Two
  • Leased Land: No
  • Property Condition: Resale
Lot Information
  • Waterfront Footage: 0
  • Waterfront Description: 0
  • Above Grade Finished: 0

Property History for 472 First Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 472 First Street

Taxable ValueLand$24,000Additions$92,544Total$116,544
Tax Record2023$3,642 ($304 / month)
Home Facts
Beds0Baths2Total Finished SqFt1,560 SqFtAbove Grade Finished SqFt1,560 SqFtStories2Lot Size5,227 SqFtStyleSingle Family ResidenceYear Built2006ZoningRS-5CountyCLARKEAPN16-4-C1 A-007-A

Schools near 472 First Street

This home is within Clarke County School District.
Rating
School
Type
Grades
Distance
Howard B. Stroud Elementary School
Public - PK to 5
Coile Middle School
Public - 6 to 8
Cedar Shoals High School
Public - 9 to 12
Classic City High School
Public - 9 to 12
Rating
School
Distance
Howard B. Stroud Elementary School
PublicPK to 5

Coile Middle School
Public6 to 8

Cedar Shoals High School
Public9 to 12

Classic City High School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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More information about 472 First Street, Athens, GA 30601

472 First Street is a single family home for sale in Athens, GA 30601. This property was listed for sale on September 19, 2024 by Realty South Athens, LLC, it's currently listed at $524,900. It has been on the market for a total of 63 days and was last sold on August 22, 2023. This listing's school district is Clarke County School District. Nearby schools include Howard B. Stroud Elementary School, Coile Middle School and Cedar Shoals High School. 472 First Street is a 6-bed, 3-bath, single family home built in 2006.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Realty South Athens, LLC, Brandon Smith

Based on information from one of the following Multiple Listing Services:FMLS,FMLS_CS,GAMLS,Middle GA MLS,Columbus Board of REALTORS, Northeast Georgia Board of REALTORS.Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by FMLS,FMLS_CS,GAMLS, Middle GA MLS,Columbus Board of REALTORS, Northeast Georgia Board of REALTORS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.