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Previous Description:
This classic stone cottage isn't just located in the heart of Five Points this is the heartbeat of Five Points. A proven income-producing asset for over two decades, this property has been continuously rented to Kappa Alpha Theta sorority members for the past 25 years, with new tenants renewing every two years. It is currently leased at $5,000/month, and demand remains strong year after year. Offering 5 bedrooms, 3 bathrooms, and RM-1 multifamily zoning, the home presents excellent upside for investors. Featuring hardwood floors, a daylight basement with private entry, multiple living spaces, and unbeatable walkability to UGA and Milledge Avenue, this is the kind of location and legacy rental rarely available. Owner financing is available and preferred, making this a rare opportunity for investors seeking a profitable and prestigious investment. Five Points is Athens' most iconic and beloved neighborhood, known for its walkability, charm, and vibrant community atmosphere. Tree-lined streets lead to locally owned coffee shops, restaurants, boutiques, and neighborhood markets, all just steps from this home. With UGA, Memorial Park, and Beechwood Shopping Center nearby, you're never far from what matters. Excellent schools, historic architecture, and a true sense of community make Five Points a top choice for homeowners and investors alike. Whether you're strolling to breakfast, enjoying a football Saturday, or taking a sunset walk, living in Five Points means experiencing the best of Athens every day.
Updated Description:
This classic stone cottage isn't just located in the heart of Five Points this is the heartbeat of Five Points. A proven income-producing asset for over two decades, this property has been continuously rented to Kappa Alpha Theta sorority members for the past 25 years, with new tenants renewing every two years. It is currently leased at $5,000/month, and demand remains strong year after year. Offering 5 bedrooms, 3 bathrooms, and RM-1 multifamily zoning, the home presents excellent upside for investors. Featuring hardwood floors, a daylight basement with private entry, multiple living spaces, and unbeatable walkability to UGA and Milledge Avenue, this is the kind of location and legacy rental rarely available. This is a rare opportunity for investors seeking a profitable and prestigious investment. Five Points is Athens' most iconic and beloved neighborhood, known for its walkability, charm, and vibrant community atmosphere. Tree-lined streets lead to locally owned coffee shops, restaurants, boutiques, and neighborhood markets, all just steps from this home. With UGA, Memorial Park, and Beechwood Shopping Center nearby, you're never far from what matters. Excellent schools, historic architecture, and a true sense of community make Five Points a top choice for homeowners and investors alike. Whether you're strolling to breakfast, enjoying a football Saturday, or taking a sunset walk, living in Five Points means experiencing the best of Athens every day.
