559 Pulaski St - Residential Income FOR SALE


Athens, GA 30601- Pulaski Heights
$1,299,000 USD
706-425-4105
559 Pulaski St, Athens, GA for Sale
$1,299,000 USD
Residential Income - FOR SALE
1/24
null | Request Cap Rate

559 Pulaski St
Athens, GA 30601
Pulaski Heights


HIGHLIGHTS

  • Three detached, individually restored cottages on one 0.65-acre lot — six bedrooms, three baths, 2,208 SF total.
  • One block off downtown Athens. Walk Score 85 at this address against an Athens average of 27.
  • Every cottage taken to the studs and rebuilt in 2017 — granite counters, stainless appliances, ceramic tile and LVP flooring, brushed-nickel fixtures,
  • No HOA, no dues, no shared walls. Each cottage has its own 100 SF deck with built-in bench seating and its own yard.
  • Nine parking spaces — two dedicated on site per cottage plus three on-street passes.
  • Live in one and lease the other two, lease all three, or three families take one cottage each. No configuration requires a shared wall.

OVERVIEW

Three detached restored cottages on 0.65 acres, one block off downtown Athens. The Cottages at 559 Pulaski Street are comprised of 3 separate two-bedroom, one-bath homes, totaling six bedrooms, three baths and 2,208 square feet in all. The houses sit roughly 100 feet off the street behind green space and mature landscaping. No shared walls, no association, no dues. Every cottage was fully renovated down to the studs and rebuilt in 2017: ceramic tile and LVP flooring, granite countertops, stainless steel appliances, brushed-nickel fixtures, and a washer and dryer in every unit. All-electric and energy efficient with a heat pump, double thermal windows, block construction and a metal roof. Tenant utilities have historically run $60 to $85 a month. Each home has its own 100 square foot deck with built-in bench seating, two dedicated parking spaces, and access to three additional on-street passes for a total of nine spaces for the property. Zoned RS-8. Three detached principal dwellings on a single lot this close to downtown could not be built today. Live in one and lease the other two, lease all three, or put three families on one deed with a private house apiece. Offered for cash, conventional financing or 1031 exchange. Tenant occupied — appointment only, please do not disturb tenants.

FOR SALE DETAILS

PRICE

$1,299,000 USD

PRICE/SF

$588 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

The Cottages

PROPERTY TYPE

Specialty

PROPERTY SUBTYPE

Residential Income

ADD'L SUBTYPES

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

C

YEAR BUILT

1960

SPRINKLERS

-

PARKING SPACES

6

LAND DETAILS

LAND ACRES

0.65 AC

LAND SF

28,314 SF

ZONING

RS-8

APN/PARCEL ID

163C4-C-016

ASK ABOUT THIS PROPERTY

Daniel BennettThrive.RealEstateMore Info
706-425-4105

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.

Daniel BennettThrive.RealEstateMore Info
706-425-4105

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.