138 Welch Place Athens, GA 30606

Incredible investment property opportunity in a great college town! Welch Place feautures 16 total units with 40 rentable bedrooms leased for a total of $11,100/month! Welch Place complex is broken down into (8) 3BR/3BA Townhouses and (8) 2BR/1BA Flats. There are two buildings and plenty of parking that comprise this excellent investment complex at Welch Place. This parcel is zoned RM-2 and has 3.35 acres, according to ACC tax records this allows for 80 bedrooms to be built!! Owner has immediate cash flow with the prospect to build new custom homes or student housing in the future. Seller may consider individual purchase - please contact Listing agent for more detailed information. Welch Place is located directly off South Lumpkin, in close proximity to the historic Five Points retail corridor, walking trails and Memorial Park. Only a short walk or bike ride to UGA campus and game days. Apartments boast oversized bedrooms and spacious floorplans with a private bath in each townhouse unit! Includes washer and dryer, dishwasher, refrigerator and stove oven. With hardwoods throughout the living and dining rooms, these apartments make for great living space. The complex is located centrally on the City Bus Stop that will take residents straight to campus and through Athens. Don't miss this investment property opportunity! It will go fast.