Sold
$542,500
Sold For
4.180
Acres
20077657
Listing ID

2300 Hwy 52 W

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.

About This 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
Levels One
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
Community Features None
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

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Listing courtesy of Keller Williams Rlty First Atl (404) 531-5700
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