Dahlonega,
Georgia GA30533
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.
Listing ID20077657
Sold For$542,500
StatusSold
Sold Date3/31/2023
Acres
4.180
CountyLumpkin
SubdivisionNone
Year Built2006
Property TypeResidential Income
Basement
Bath Finished, Interior Entry, Exterior Entry, Finished, Full
Cooling
Electric, Ceiling Fan(s), Central Air, Heat Pump
Heating
Electric, Central, Heat Pump
Construction Materials
Vinyl Siding
Foundation Details
Block, Slab
Land Lot
265
Lot Size Source
Other
Number Of Units Total
7
Parking Features
Guest, Off Street, Over 1 Space per Unit, Parking Pad
Parking Total
13
Sewer
Septic Tank
Structure Type
Multi Family (5+ Units), Other
Utilities
Other
Water Source
Well
Area
LMK1
Association
no
Directions
400 N, L on Burnt Stand Rd, R on Auraria, L on Ben Higgins, L on GA 52 W, stay on 52 W, property is 2.3 miles on the right.
District
12
Elementary School
Blackburn
High School
New Lumpkin County
Middle School
Lumpkin County
Property Condition
Updated/Remodeled
Section
1
Update System Name
CONNECTMLS
Association Fee Includes
None
Financing Type
Other
Gross Income
76200
Listing Terms
1031 Exchange, Cash, Owner 2nd, Other
Owner Pays
Electricity, Trash Collection
Possession
Negotiable
Price
675000
Special Listing Conditions
Agent Owned
Tax Annual Amount
3309
Tax Year
2022
Listing courtesy of Keller Williams Rlty First Atl (404) 531-5700
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