180 First Street
About This Property
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What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Mar 29, 2024 | No longer available | - | |
| No longer available | |||
| Mar 27, 2024 | Sold | ||
| Sold | |||
| Mar 17, 2024 | In contract | - | |
| In contract | |||
| Mar 6, 2024 | Listed by Corcoran Classic Living | $275,000 | |
| Listed by Corcoran Classic Living | |||
| Feb 15, 2024 | Listed by Chastain, Jenkins & Leathers, LLC | $275,000 | |
| Listed by Chastain, Jenkins & Leathers, LLC | |||
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Historic, Classic 2/1 millhouse cottage, located within blocks of Downtown Athens, UGA's main campus, multiple parks, the Greenway Trail & Firefly Trails, Athens Multi-modal Transportation Center, Civic Center, and within easy walk-bike distance of all the cultural diversity, eclectic array restaurants, pubs, live entertainment venues, art, independent film, the Downtown district offers. The cottage features original wood walls, ceilings, and heart pine floors, 3 FP mantles, tall ceilings, a nice-sized front porch, circular driveway, and large fenced back yard, perfect for gardens/landscaping, or possibly a studio/workshop/guest cottage. Underneath house, there's enough height to possibly have a workshop, or at least abundant storage space. Ultimately, this is about as close as one can live to Downtown, especially at this price, and provides easy access to so much of what makes living in Athens so desirable. The manager has listed the unit size as 1311 square feet.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017