Huge income potential in Downtown Athens! Located in the heart of the city this property currently produces a gross income of over $100k a year. This property has so much to offer nearby and is conveniently walkable to restaurants, a coffee shop, shopping, and Tennessee Wesleyan University. It is the perfect property to own as the downtown area grows. All of the occupants have shared living agreements and pay weekly for their units. As you walk upstairs you will find a hallway with new flooring that leads to six individual rooms, a shared kitchen with newer cabinets, and shared single restrooms assigned by gender. The kitchen provides an electric stove/oven, refrigerator, and microwave that is shared by the occupants. In addition to the individual rooms, this building also boasts one full one bedroom apartment unit upstairs and two downstairs. All three of the one bedroom units have been remodeled. Unit 205 is a commercial space with hardwood floors, currently being rented as a boutique with large display windows that look out to Washington Ave. Don't miss out on the rare chance to own this piece of Downtown Athens.
New to the market! Home in the Historic District of Athens that is currently set up as a Tri-Plex. 1 Bedroom 1 bath, and a 2 bedroom 1 bath downstairs. 2 Bedroom 1 bath upstairs with new appliances. Home has been occupied fully for the past 6 years until Sept 2024. Residence has been updated with some newer flooring, fixtures, and a a new back deck. Original hardwood flooring, fireplaces, and pocket doors could be re opened. Great investment property that is within walking distance of TWU, with great parking and easy access to I 75, in a desirable area of Athens. All appliances stay with the residence, all new appliances in upstairs apartment. A great investment or conversion back to a single residence. Call for your showing today.
Are you looking for an investment property?!?! Single family, multi-family, investment opportunity, TWU student housing, the possibilities are endless with this home! The location is fantastic being only 2 blocks from the Ingleside swimming pool and new tennis courts, 4 blocks from the public library, and 2 blocks from the beautiful Tennessee Wesleyan University. The downstairs unit has 2 bedrooms, 1 bathroom, a spacious laundry room for plenty of storage, a wood burning fireplace, and hardwood floors throughout. The upstairs unit has 1 bedroom, 1 bathroom, its own washer and dryer, kitchen, and a very large living room/family room. Call to schedule your private showing today.
The median home value in Athens, TN is $260,000. This is higher than the county median home value of $215,100. The national median home value is $338,100. The average price of homes sold in Athens, TN is $260,000. Approximately 52.57% of Athens homes are owned, compared to 40.26% rented, while 7.17% are vacant. Athens real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you see a property you’re interested in, contact a Athens real estate agent to arrange a tour today!
Athens, Tennessee has a population of 13,961. Athens is less family-centric than the surrounding county with 26.81% of the households containing married families with children. The county average for households married with children is 29.45%.
The median household income in Athens, Tennessee is $42,283. The median household income for the surrounding county is $51,253 compared to the national median of $69,021. The median age of people living in Athens is 40 years.
The average high temperature in July is 88.2 degrees, with an average low temperature in January of 25.9 degrees. The average rainfall is approximately 55 inches per year, with 3.3 inches of snow per year.