641/647 West Hancock Avenue

Description

Premier Student Housing Investment Opportunity – 10 Bedroom Duplex Near UGA Exceptional in-town investment opportunity in the heart of Athens. This 10-bedroom, 10-bathroom (5BR/5BA per side) duplex is ideally positioned just steps from the University of Georgia and walkable to Downtown Athens. Located in one of the most desirable student housing corridors, this property offers strong fundamentals and long-term upside. Each side features spacious layouts designed for student living, ample common areas, and dedicated private parking. The unbeatable location ensures consistent rental demand and premium occupancy levels year after year. Investment Highlights: • 10 Bedrooms | 10 Bathrooms (5BR/5BA per unit) • Annual Gross Income: $198,230 • Estimated CAP Rate: 5.62% • Approximately 29% Operating Expenses (on adjusted property taxes) • Strong student housing fundamentals • Private, spacious parking lot • Ideal 1031 exchange opportunity • Zoned RM1 – Multi-Family • Pedestrian access to UGA • Walkable to Downtown Athens This is a rare opportunity to acquire a stabilized, income-producing asset in an unbeatable intown location with proven rental performance and continued demand from the University of Georgia student population.