This cottage is ONE of FOUR that must sell as a package. The list price is $185,000 per cottage for a total asking price of $740,000. Seller is selling for a 1031 Tax Exchange and the units may NOT be sold one off due to timing and IRS regulations. Investors may purchase all four or possibly two if terms are feasible for the 1031. All four units are located on the cul-de-sac of Magnolia Bluff in the Retreat. Addresses are as follows: 167, 173, 179, and 172 Magnolia Bluff Athens, GA 30601. The units are all leased until July 2020 at slightly varying rates. Listing agent will provide rent roll to buyers or buyer's agent upon request. 24 Hours notice to show no exceptions per tenant's lease agreements. All showings MUST be set up through the property manager. Each Cottage has three bedrooms and three baths with large private decks and off street parking. These units have an excellent rental history and provide a rare opportunity to own investment property close to downtown Athens, GA.
Off market
$494,400
179 Magnolia Bluff Dr, Athens, GA 30601
12beds
1,351sqft
MultiFamily
Built in 2004
-- sqft lot
$494,400 Zestimate®
$366/sqft
$1,622 Estimated rent
What's special
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 12
- Bathrooms: 12
- Full bathrooms: 12
Heating
- Heat pump
Cooling
- Central
Features
- Intercom
- Flooring: Carpet
Interior area
- Total interior livable area: 1,351 sqft
Property
Features
- Exterior features: Wood
Lot
- Size: 2,178 sqft
Details
- Parcel number: 163B3G018
Construction
Type & style
- Home type: MultiFamily
Materials
- Wood
- Foundation: Concrete Block
- Roof: Asphalt
Condition
- Year built: 2004
Utilities & green energy
- Sewer: City/County
Community & neighborhood
Location
- Region: Athens
HOA & financial
HOA
- Has HOA: Yes
- HOA fee: $125 monthly
Other
Other facts
- Rooms: Kitchen, Living Room, Laundry Closet
- Floors: Carpet, Tile, Laminate
- Appliances: Dishwasher, Refrigerator, Standard Oven, Dryer, Washer, Microwave
- Water: City/County
- Sewer: City/County
- Foundation/Basement: Slab, Crawl Space
- Multi-Family Extras: Deck, Club House, Pool
- Documents on File: Other-See Remarks
- Ownership: Owner
- City: Athens
- Heat: Electric, Heat Pump
- Extras: Cable Available, High Speed Internet Available
- Exterior Features: Deck
- Property Type: Other Multi-Family
- Style: Cottage
- Air: Heat Pump
- Assoc Fee Include: Common Area Maint, Swimming Pool, Common Electricity
- Amenities: Pool, Clubhouse
- Area: 00: In Town
- Stories: Two
- Interior Features: Intercom
- Lot Size/Acreage: 0.0-0.25
- Construction: HardiPlank Type
- Subdivision: The Retreat
- Ownership: Owner
Services availability

Get pre-qualified for a loan
At Zillow Home Loans, we can pre-qualify you in as little as 5 minutes with no impact to your credit score.An equal housing lender. NMLS #10287.