15 S Shafer StreetAthens, OH 45701

Property Description

Updated 4 bedroom, 2 full bath condo within walking distance to Ohio University & downtown Athens. This turn-key investment property is ideal for any OU student or family as well as for any astute investor looking for an easy income stream and high return on their investment. Located in the University Commons Property Owners Assoc, the development offers several amenities for its residents. Just a few include: a shuttle that runs to/from OU operated by the POA. A resident-only on-site workout facility. The unit also comes with 4 annual parking passes, access to the community pool, professional on-site property management, professionally landscaped courtyards to enjoy, security, and quarterly dues even cover things like snow removal, trash services, and water. The unit itself is set up as a quad apartment. Four generously sized bedrooms are in the corners with matching full baths between them. The living room and kitchen are open concept. Not only do they come with all your normal appliances, but also a stacked washer and dryer that's in the kitchen. Adjacent to the main unit is also a large private secured storage area that provides the owner or residents plenty of room for storage of extra furniture, bikes, etc. Market rent is typically charged on a per bedroom basis. Each bedroom could fetch approximately $625 - $650 per month. Currently occupied through May, the seller has purposely held off on leasing for the Fall '26 - Spring '27 school year should a buyer wish to place their own tenants at this time. Why pay rent when you can collect income instead? Come see this solid residence for yourself. You will not be disappointed.

Property Features

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