Share This Listing

Message

938 characters remaining

Hmm, there seems to have been an error sending your message. Please try again.

Your email has been sent.

Still interested?

Contact the broker for more information about this property

Investment Highlights

  • Prime UGA Location
  • Spacious, Flexible Layouts
  • Outdoor Living & Entertaining
  • Strong Rental Income
  • High-End Interior Features

Executive Summary

Exceptional investment opportunity featuring two spacious, well-maintained condos in one of Athens’ most desirable UGA-area communities, offering strong and stable rental income. Both residences showcase soaring ceilings, abundant natural light, and oversized two-car garages, with thoughtfully designed layouts ideal for comfortable living and long-term tenancy.
Unit 310: 4 bedrooms (+ possible 5th) | 4 bathrooms | 3,003 sq ft
Unit 610: 4 bedrooms | 3 bathrooms | 2,137 sq ft
Each unit features an open-concept main living level with bamboo flooring throughout the living areas, complemented by well-appointed kitchens with granite countertops, tile backsplashes, pantry storage, stainless steel appliances, and ample cabinetry. Both homes offer counter seating as well as dedicated dining spaces, creating a functional and inviting environment. A bedroom with an ensuite bath is conveniently located on the main level in each unit.
Upstairs, both residences include three additional bedrooms and two full baths, providing generous accommodations. One unit features a spacious primary suite with a soaking tub, glass-enclosed shower, dual vanities, and updated cabinetry. Interior mezzanine spaces in both units add flexibility—ideal for home offices, study areas, lounges, or additional gathering space, with one featuring a built-in coffee bar.
Outdoor living is a standout feature across both properties, including a combination of large decks, covered balconies, and a private brick courtyard offering both covered and uncovered spaces. These areas provide excellent options for relaxing or entertaining.
One unit also includes a finished basement level with exposed brick, high ceilings, and a full bath, offering exceptional versatility as a fifth bedroom, guest suite, or additional living space.
Ideally located directly across from the Firefly Trail, residents enjoy easy access to Dudley Park and Downtown Athens, with the UGA Arch just one mile away.
Both units are currently leased ($7,800.00 combined) with renewal agreements in place through July 2027, that will generate a combined rental income of $8,020 per month, making this a rare opportunity for investors seeking immediate cash flow in a prime location.

Attachments

118 Ruth Dr

Property Facts

Price $1,612,610 CAD
Price / SF $313.74 CAD / SF
Sale Condition 1031 Exchange
Cap Rate 6%
Sale Type Investment or Owner User
Status Active
Number of Properties 2
Individually For Sale 0
Total Building Size 5,140 SF

Properties

Property Name / Address Property Type Size Year Built Individual Price
Urban Lofts
118 Ruth Dr, 1st Floor - Unit 310, Athens, GA 30601
Flex Condo 3,003 SF 2008 -
Urban Lofts
118 Ruth Dr, 1st Floor - Unit 610, Athens, GA 30601
Flex Condo 2,137 SF 2008 -
Show More > < Show Less
  • Listing ID: 39837943

  • Date on Market: 2026-03-19

  • Last Updated:

  • Address: Urban Lofts - 118 Ruth Drive #310 & #610, Athens, GA

Link copied
Your LoopNet account has been created!

Please Share Your Feedback

We welcome any feedback on how we can improve LoopNet to better serve your needs.
X
{{ getErrorText(feedbackForm.starRating, "rating") }}
255 character limit ({{ remainingChars() }} charactercharacters remainingover)
{{ getErrorText(feedbackForm.msg, "rating") }}
{{ getErrorText(feedbackForm.fname, "first name") }}
{{ getErrorText(feedbackForm.lname, "last name") }}
{{ getErrorText(feedbackForm.phone, "phone number") }}
{{ getErrorText(feedbackForm.phonex, "phone extension") }}
{{ getErrorText(feedbackForm.email, "email address") }}