Bought with Timothy Gibson • Keller Williams Community Ptnr
$542,500
$675,000
19.6%For more information regarding the value of a property, please contact us for a free consultation.
4.18 Acres Lot
SOLD DATE : 03/31/2023
Key Details
Sold Price $542,500
Property Type Single Family Home
Listing Status Sold
Purchase Type For Sale
Subdivision None
MLS Listing ID 20077657
Sold Date 03/31/23
Construction Status Updated/Remodeled
HOA Y/N No
Year Built 2006
Annual Tax Amount $3,309
Tax Year 2022
Lot Size 4.180 Acres
Property Description
Multi family properties on 4.12 acres, all leased. (1 of 2 parcels for sale, other parcel has 7 vacation rental suites on 5.8 acres for $825k) Enjoy the North Georgia Mountains with a profitable income producing property! Home and cabin currently have 3 leases (all have been in anywhere from 2.5-4 years) and the 4 units of restored apartments used for short-term vacation rental that can easily be converted to long-term studios. All furnishings of these 4 are included! Home, built in 2004, has been well maintained and currently has a tenant upstairs and a tenant downstairs. There are 2 cabins, built in 1960's, one used as a storage and the other has a long-term tenant. The 4 suite 1960's motel was completely restored in 2018 and is currently used as 4 vacation rentals. They each have a full kitchen and bath and could also be a great option to rent long term. Cabins are old and this would be a great place to build 3 tiny homes on the current 3 cabin foundations. County planning has approved to have grandfathered in the old setbacks. There is even more opportunity to increase income with updated cabins. Prime location, centered between Historic Dahlonega and Amicalola State Park, 8 miles from North Georgia University. Dahlonega is a popular 'Hallmark town' attracting visitors for the gold rush history, the wineries, outdoor trails. Seller also selling property across the street that is a fully restored 7 suite motel active and profitable on vacation rental. Must have a lender's pre approval or proof of cash at time of contract. Listing agent is part owner of the property.
Location
State GA
County Lumpkin
Rooms
Basement Bath Finished, Interior Entry, Exterior Entry, Finished, Full
Interior
Heating Electric, Central, Heat Pump
Cooling Electric, Ceiling Fan(s), Central Air, Heat Pump
Exterior
Garage Guest, Off Street, Over 1 Space per Unit, Parking Pad
Garage Spaces 13.0
Community Features None
Utilities Available Other
Building
Story One
Foundation Block, Slab
Sewer Septic Tank
Level or Stories One
Construction Status Updated/Remodeled
Schools
Elementary Schools Blackburn
Middle Schools Lumpkin County
High Schools New Lumpkin County
Others
Acceptable Financing 1031 Exchange, Cash, Owner 2nd, Other
Listing Terms 1031 Exchange, Cash, Owner 2nd, Other
Financing Other
Special Listing Condition Agent Owned
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