Urban Lofts - 118 Ruth Drive #310 & #610 Multi-Family FOR SALE


Athens, GA - Northeast Athens
$1,173,900 USD
706-559-4520
, Athens, GA for Sale
$1,173,900 USD
Multi-Family - FOR SALE
1/23
null | 6% Cap Rate

Urban Lofts - 118 Ruth Drive #310 & #610
Athens, GA
Northeast Athens


HIGHLIGHTS

  • Prime UGA Location
  • Strong Rental Income
  • Spacious, Flexible Layouts
  • High-End Interior Features
  • Outdoor Living & Entertaining

OVERVIEW

Exceptional investment opportunity featuring two spacious, well-maintained condos in one of Athens’ most desirable UGA-area communities, offering strong and stable rental income. Both residences showcase soaring ceilings, abundant natural light, and oversized two-car garages, with thoughtfully designed layouts ideal for comfortable living and long-term tenancy. Unit 310: 4 bedrooms (+ possible 5th) | 4 bathrooms | 3,003 sq ft Unit 610: 4 bedrooms | 3 bathrooms | 2,137 sq ft Each unit features an open-concept main living level with bamboo flooring throughout the living areas, complemented by well-appointed kitchens with granite countertops, tile backsplashes, pantry storage, stainless steel appliances, and ample cabinetry. Both homes offer counter seating as well as dedicated dining spaces, creating a functional and inviting environment. A bedroom with an ensuite bath is conveniently located on the main level in each unit. Upstairs, both residences include three additional bedrooms and two full baths, providing generous accommodations. One unit features a spacious primary suite with a soaking tub, glass-enclosed shower, dual vanities, and updated cabinetry. Interior mezzanine spaces in both units add flexibility—ideal for home offices, study areas, lounges, or additional gathering space, with one featuring a built-in coffee bar. Outdoor living is a standout feature across both properties, including a combination of large decks, covered balconies, and a private brick courtyard offering both covered and uncovered spaces. These areas provide excellent options for relaxing or entertaining. One unit also includes a finished basement level with exposed brick, high ceilings, and a full bath, offering exceptional versatility as a fifth bedroom, guest suite, or additional living space. Ideally located directly across from the Firefly Trail, residents enjoy easy access to Dudley Park and Downtown Athens, with the UGA Arch just one mile away. Both units are currently leased ($7,800.00 combined) with renewal agreements in place through July 2027, that will generate a combined rental income of $8,020 per month, making this a rare opportunity for investors seeking immediate cash flow in a prime location.

ASK ABOUT THIS PROPERTY

Sarah EllisCorcoran Classic LivingMore Info
706-559-4520

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Sarah EllisCorcoran Classic LivingMore Info
706-559-4520

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