2300 Hwy 52 W

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.