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2300 Highway 52 W Dahlonega, GA 30533
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Key Details
Sold Price $542,500
Property Type Multi-Family
Sub Type Other
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 7119114
Sold Date 03/31/23
Construction Status Updated/Remodeled
HOA Y/N No
Originating Board First Multiple Listing Service
Year Built 2006
Annual Tax Amount $3,309
Tax Year 2021
Lot Size 4.120 Acres
Acres 4.12
Property Description
Multi family properties on 4.12 acres, all leased. Enjoy the North Georgia Mountains with an 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. Listing #7098979
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
Lake Name None
Interior
Heating Central, Other
Cooling Ceiling Fan(s), Central Air, Multi Units, Other
Flooring Hardwood, Vinyl
Window Features Double Pane Windows
Exterior
Parking Features Driveway, Parking Lot
Fence None
Community Features None
Utilities Available Cable Available, Electricity Available, Sewer Available, Water Available
Waterfront Description None
View Mountain(s)
Roof Type Composition, Shingle
Accessibility None
Handicap Access None
Total Parking Spaces 9
Building
Lot Description Mountain Frontage, Wooded
Story One
Sewer Septic Tank
Water Well
Level or Stories One
Structure Type Vinyl Siding
New Construction No
Construction Status Updated/Remodeled
Schools
Elementary Schools Lumpkin County
Middle Schools Lumpkin County
High Schools Lumpkin County
Others
Senior Community no
Tax ID 032 074
Acceptable Financing 1031 Exchange, Cash, Conventional, Owner Second
Listing Terms 1031 Exchange, Cash, Conventional, Owner Second
Special Listing Condition None
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Bought with Keller Williams Realty Community Partners