Off-Market Property at 2165 S Milledge Ave, Athens, GA 30605
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2165 S Milledge Ave, Athens, GA 30605

$299,900

Description

Profitable Investment Opportunity: Off-Market Listing: Resideline estimates that this property can be rented on Airbnb for an average of $280 per day and long-term for an average of $2,000 per month, based on similar listings in the area. Estimated short-term cap rate of 9.8%. Estimated long-term cap rate of -0.2%. Location Location Location!!! 4BR/2BA condo in peaceful Milledge Place available for fall owner-occupancy! This 4BR unit has 2 beds and a bath upstairs, main floor living room and eat-in kitchen, and 2 beds and a bath downstairs. Perfect set up for 4 roommates or as two 2BR suites. Milledge Place has a pool, is quiet and is on the city bus line so its easy living for getting to and from classes. Great as investment or condo for college years with solid condo management and a board that cares about keeping the community clean. Currently occupied until June so great for Summer and Fall! Quick access to the loop, 5 Points and campus!!! Call quick before its gone!!!

Property Information
Airbnb Avg Daily
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Occupancy Rate
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Monthly HOA
$187
Rental Policy
daily
Yearly Taxes
$3123
Bedrooms
4
Bathrooms
2
SQFT
1,536
Furnished
N/A
Year built
1989
Listing Status
Off Market
MLS
10480471

Short-term Rental Potential
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$53,982

Revenue
Expenses
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Profit
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Cap rate
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Cash on Cash
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$195

Price/SQFT

Long-term Rental Potential
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$24,000

Revenue
Expenses
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Profit
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Cap rate
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Cash on Cash
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$2,000/mo

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