620 W Lake Dr Athens, GA 30606

This stunning all-brick mid century modern ranch located in the heart of Five Points is minutes to UGA, Beechwood Shopping Center and Five Points restaurants. If this home had a name, it would be Rare Opportunity! This unique property offers a variety of living options a large main level living space with a large primary suite, living room, den, three guest rooms and terrace level guest apartment. Or you can use it as the space is currently set up: as a three-bedroom, two-bath home plus two separate single-bedroom apartments. The first apartment is located on the main level with a separate entrance in the back. The apartment suite includes a private living room with a working wood burning fireplace, kitchenette with a large bedroom complete with sitting area, bathroom and walk-in closet. This space also has its own washer and dryer hookups. The second apartment is located on the terrace level with private bathroom, private laundry hookup, separate driveway, private kitchen and living room, though it could easily be reverted to re-create a perfect, full family home. This arrangement provides for a private suite for in-laws, adult children, home office, guests or rental. The home's original 1940s floor plan offers a traditional entryway and large living/dining area with a fireplace that can flex to your family's needs. The entire main living area features hardwood flooring, recessed lighting and ample closet space. The beautifully updated kitchen is easily accessible - you'll love preparing meals here with the custom cabinetry, two sinks, upgraded gas stove and hood. The primary bedroom and living room addition includes a fireplace surrounded by built-ins, a classic home bar with sink and French doors that lead to the patio. The kitchen includes a breakfast nook for quick meals and French doors to the brick paver patio outside with built-in outdoor fireplace. This expansive yard is full of mature trees and plantings and includes a fully fenced in backyard and garden shed. With so many options, all this home needs is your creativity and guidance to make it your perfect next property! This property offers serious rental potential. You can rent just the terrace level apartment as a long-term rental for a graduate student or young professional and net around $1,000 a month. As a short-term rental, the lower-level apartment could generate $3,000 to $4,500 monthly. If you use this property to host three AirBnBs, you could generate an income of more than $11,000 monthly. View this property in person to see all its endless possibilities.