2505 W Broad Street, Athens, GA 30606

$145,000
2
BD
2
BA
1,540
SqFt

Show Photos

Verify your account to unlock exclusive photos, mortgage tools, and more.

Sold Price
$145,000
List Price
$139,000
Closing Date
Jan 31, 2024
MLS#
10233686
Type
Condo
City
Athens
County
Clarke
Subdivision
Rivers Edge
Bedrooms
2
Bathrooms
2
Living Area
1,540
Year Built
1984

Property Description

Welcome to Unit 332 at Rivers Edge Condominiums: A Smart Investment for Homebuyers and Investors Exciting developments unfold at Rivers Edge as Athens Real Estate Group takes the reins with transformative management since the end of 2022. A commitment to enhancing the community's appeal is evident through ongoing renovations, promising a residence you'll be proud to own. Community Upgrades: Under new management, Rivers Edge has witnessed a series of improvements, from handrails and fascia to trim and exterior paint jobs. The meticulous renovations include scheduled roof replacements or repairs, with further enhancements projected to conclude by late 2025. Building 300, home to Unit 332, has seen a recent roof replacement in 2023, with plans for additional upgrades, including replacing the wooden fascia with a durable hardy plank. Significant renovations, including a fresh paint job, are slated to begin in April 2024, reflecting the commitment to elevating community living. Strategic Locale: Discover Unit 332 at 2505 W Broad St, Rivers Edge Condominiumsaan ideally situated residence between downtown Athens, GA, and convenient access to 316 and the Georgia loop. Enjoy proximity to shopping and amenities for your daily convenience. First-Time Homebuyers' Dream: For first-time homebuyers seeking an affordable home with built-in equity, Unit 332 presents an exceptional opportunity. Competitively priced, this residence allows you to enter the market with potential gains. While some tender love and care may be required, this presents an excellent chance for those willing to invest in sweat equity. aHigh Equity Potential: Similar properties in Rivers Edge demonstrate strong value, selling for upwards of $160,000, with rental incomes exceeding $1,400 per month. Investor's Choice: Investors, take note! Strategically located just a few miles from Saint Mary's and with easy access to key routes, this property is a shrewd addition to your portfolio. Comparable properties in Rivers Edge are selling for upwards of $160,000 and commanding rents exceeding $1,400 per month, promising a robust return on investment. Whether you're a first-time homebuyer seeking equity or an investor eyeing a lucrative return, Unit 332 beckons. Explore this opportunity to be part of the revitalized Rivers Edge community. Contact us today to schedule a viewing and secure your stake in this exceptional investment. Invest with confidence, and live beautifully at Rivers Edge! Video walkthrough. https://youtu.be/vHw_9qpaq9c

Additional Information

Elementary School
Alps Road
High School
Clarke Central
Interior Features
Other
Style
Traditional
Parking
Guest, Over 1 Space per Unit
Basement Type
None
Stories
1.5 Stories
Fees Include
Maintenance Structure, Maintenance Grounds, Management Fee, Other, Pest Control, Tennis, Trash
Tax Year
2023

Mortgage Calculator

Amount of Loan
Annual Interest Rate
%
Term of Loan
Years

Does not include any taxes or fees.
Please consult a financial professional.
Calculator source: Real Geeks

Listing courtesy of eXp Realty. Selling Office: .

© 2026 Georgia MLS. All rights reserved. Information Deemed Reliable But Not Guaranteed.