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2331 Hwy 52 W

Dahlonega, GA 30533
  • $825,000
  • STATUS: Active
  • ON SITE: 55 Days
  • MLS #: 20077634
UPDATED: 44 min ago
$825,000
  • 0
    BEDS
  • 5.8
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1968
County:
Area:

School Information

Elementary School:
Middle School:
High School:

Description

Profitable multi family on 5.8 acres, completely restored in 2020. Current use is short-term vacation rental business, Indian Hills Retro Motel, consists of 7 suites plus common area with kitchen/dining/living and 2 decks. Has short-term licensing. Located just outside of Dahlonega, a popular destination in N Georgia. Everything inside and out of has been completely and tastefully renovated, down from the studs. Vacation rental business licensed with Lumpkin County, successfully operating since July 2020, 4.9 star reviews. Income 50% increase in 2021 over 2020. Potential for additional suites in terrace level and land to add more buildings if desired. Plenty of parking with over 15 spaces. Prime location, centered between Dahlonega and Amicalola State Park, for weddings (Dahlonega is the wedding capital of Georgia), 8 wineries in area, hiking and biking trails. Historic Dahlonega is a popular 'Hallmark town' attracting visitors for the history, the wineries, outdoor trails, 2000 acre Iron Mtn ATV park. Guests come see all the wonders of Dahlonega from this nostalgic oasis. What a great way to get into the profitable short-term business, easily with 10%+ cap potential! Current wedding bookings for all suites already on calendar through April 2023. Take over the current website, bookings, furnishings, linens, etc. Training available. Want to live on site? No problem, a suite already set up for owner occupied if you choose. Also for sale is the parcel across the street (currently short term and long term rentals) at $650k FMLS #7119114 Must have a lender's pre approval or proof of cash at time of contract. Listing agent is part owner of the property.

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Georgia MLS logo© 2022 Georgia Multiple Listing Service, Inc. All rights reserved. The data relating to real estate for sale or lease on this web site comes in part from GAMLS. Real estate listings held by brokerage firms other than The Heyl Group at Keller Williams are marked with the GAMLS logo or an abbreviated logo and detailed information about them includes the name of the listing broker. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by GAMLS or The Heyl Group at Keller Williams. Data last updated: 2022-11-28T16:05:55.777.
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2331 Hwy 52 W Dahlonega, GA 30533

  • Price: $825,000
  • Status: Active
  • On Site: 55 Days
  • Updated: 44 min ago
  • MLS #: 20077634
0
Beds
0
Baths
0
½ Baths
5.8
Acres
1968
Built
Neighborhood:
None
County:
Lumpkin
Area:
LUMPKIN
Elementary School:
Lumpkin County
Middle School:
Lumpkin County
High School:
New Lumpkin County
Property Description
Profitable multi family on 5.8 acres, completely restored in 2020. Current use is short-term vacation rental business, Indian Hills Retro Motel, consists of 7 suites plus common area with kitchen/dining/living and 2 decks. Has short-term licensing. Located just outside of Dahlonega, a popular destination in N Georgia. Everything inside and out of has been completely and tastefully renovated, down from the studs. Vacation rental business licensed with Lumpkin County, successfully operating since July 2020, 4.9 star reviews. Income 50% increase in 2021 over 2020. Potential for additional suites in terrace level and land to add more buildings if desired. Plenty of parking with over 15 spaces. Prime location, centered between Dahlonega and Amicalola State Park, for weddings (Dahlonega is the wedding capital of Georgia), 8 wineries in area, hiking and biking trails. Historic Dahlonega is a popular 'Hallmark town' attracting visitors for the history, the wineries, outdoor trails, 2000 acre Iron Mtn ATV park. Guests come see all the wonders of Dahlonega from this nostalgic oasis. What a great way to get into the profitable short-term business, easily with 10%+ cap potential! Current wedding bookings for all suites already on calendar through April 2023. Take over the current website, bookings, furnishings, linens, etc. Training available. Want to live on site? No problem, a suite already set up for owner occupied if you choose. Also for sale is the parcel across the street (currently short term and long term rentals) at $650k FMLS #7119114 Must have a lender's pre approval or proof of cash at time of contract. Listing agent is part owner of the property.
Exterior Features

Attached Garage YN No Carport YN No Construction Materials OtherStone Foundation Details BlockPillar/Post/Pier Garage YN No Levels One Lot Size Area 5.8 Lot Size Source Public Records Lot Size Units Acres Parking Features Off StreetOver 1 Space Per Unit Parking Total 13

Interior Features

Above Grade Finished Area Units Square Feet Basement DaylightDirt FloorExterior EntryPartial Below Grade Finished Area Units Square Feet Building Area Units Square Feet Cooling ElectricCeiling Fan(S)Heat Pump Cooling YN Yes Fireplace YN No Fireplaces Total 0 Heating ElectricHeat Pump Heating YN Yes Laundry Features Common Area Living Area Units Square Feet

Property Features

Association Fee Includes None Association YN No Community Features None District 12TH Es Bus Yn Yes Hs Bus Yn Yes Land Lot 265 Ms Bus Yn Yes New Construction YN No Property Condition Updated/Remodeled Property Sub Type Multi Family Section 1ST Sewer Septic Tank Structure Type Multi Family Tax Annual Amount 2542 Tax Year 2021 Utilities Electricity Billing Prorated Water Source Well

GAMLS logo Listing provided courtesy of Keller Williams Rlty First Atl: 404-531-5700. © 2022 Georgia Multiple Listing Service, Inc. All rights reserved. Information Deemed Reliable But Not Guaranteed.


Georgia MLS logo© 2022 Georgia Multiple Listing Service, Inc. All rights reserved. The data relating to real estate for sale or lease on this web site comes in part from GAMLS. Real estate listings held by brokerage firms other than The Heyl Group at Keller Williams are marked with the GAMLS logo or an abbreviated logo and detailed information about them includes the name of the listing broker. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by GAMLS or The Heyl Group at Keller Williams. Data last updated: 2022-11-28T16:05:55.777.
 
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