Conveniently located in the heart of Five Points! This is a wonderful opportunity to purchase two (2) cottages on slightly more than a half-acre lot in one of Athens' most desirable neighborhoods. Within a short walk are restaurants, a small grocery, bakery, coffee shops, drug store/post office and more. Oh, the possibilities! 163 Milledge Terrace, built circa 1933, offers great curb appeal and is considered the primary home on the property. Within walking distance to UGA's Sanford Stadium, basketball/gymnastics Coliseum and baseball field, this 1,216 square feet cottage would make the perfect place for an AirBnB where guests could not only enjoy both dining and shopping experiences in Five Points, but also cheer on the Georgia Bulldogs. The property is also desirable for long-term rentals or expansion into a larger primary residence for someone who wants to live in the very heartbeat of Athens! In the main cottage, you'll experience how the natural light filters through the large windows making the space feel open and airy. Hardwood flooring runs throughout most of the home with a wood burning fireplace in the living room. The two bedrooms share a full-size hall bath. Kitchen, pantry or office, and laundry room are situated together and there is a walk-out screened-in back porch. A second rustic cottage built circa 1946 sits just behind the primary house and has 1,250 square feet of living space. The main level has a kitchen, living room, study/bedroom and bathroom. Two bedrooms and a shared bathroom, with clawfoot tub, can be found on the second floor. To make renting out more convenient for the new owner, each cottage is set up with its own electric and gas meters adding value. If you would like to schedule a private showing, please reach out to the listing agent! Not many opportunities like this open up in Five Points! Call for a visit to this historic property today!