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2331 Hwy 52 W W

Dahlonega, GA 30533
  • $825,000
  • STATUS: Active
  • ON SITE: 49 Days
  • MLS #: 7098979
$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 12% 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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First MLS logo Listings identified with the FMLS IDX logo come from FMLS, are held by brokerage firms other than the owner of this website and the listing brokerage is identified in any listing details. Information is deemed reliable but is not guaranteed. If you believe any FMLS listing contains material that infringes your copyrighted work, please click here to review our DMCA policy and learn how to submit a takedown request. © 2022 First Multiple Listing Service, Inc. Data last updated 2022-10-01T00:05:59.49. For issues regarding this website, please contact BoomTown.
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2331 Hwy 52 W W Dahlonega, GA 30533

  • Price: $825,000
  • Status: Active
  • On Site: 49 Days
  • MLS #: 7098979
0
Beds
0
Baths
0
½ Baths
5.8
Acres
1968
Built
Neighborhood:
None
County:
Lumpkin
Area:
Lumpkin
Elementary School:
Blackburn
Middle School:
Lumpkin County
High School:
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 12% 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

Construction Materials Vinyl Siding Dock None Fencing None Land Lot 265 Lot Features LevelMountain FrontageWooded Number Of Parking Spaces 9 Parking Features Parking Lot Roof Type Metal Stories One View Mountain(S) Waterfront Features None Window Features Double Pane WindowsInsulated Windows

Interior Features

Cooling Ceiling Fan(S)Heat PumpOther Flooring Ceramic TileStoneOther Furnished Furnished Heating ElectricHeat PumpOther

Property Features

Accessibility Features None Community Features None Green Energy Efficient None Green Energy Generation None Lake Name None Lot Size Dimensions X Number Of Units Total 7 Occupant Type Tenant Owner Financing No Property Attached YN No Property Condition Updated/Remodeled Proposed Financing CashConventionalOwner Second School Bus Route Elementary Yes School Bus Route High Yes School Bus Route Middle Yes Security Features None Sewer Septic Tank Special Circumstances Investor OwnedOwner/Agent Special Listing Conditions None Tax Year 2021 Taxes 2542 Type Other Utilities Cable AvailableElectricity AvailableWater AvailableOther Water Source Well

Listing provided courtesy of Keller Williams Rlty, First Atlanta: [IDXCONTACTINFORMATION].


First MLS logo Listings identified with the FMLS IDX logo come from FMLS, are held by brokerage firms other than the owner of this website and the listing brokerage is identified in any listing details. Information is deemed reliable but is not guaranteed. If you believe any FMLS listing contains material that infringes your copyrighted work, please click here to review our DMCA policy and learn how to submit a takedown request. © 2022 First Multiple Listing Service, Inc. Data last updated 2022-10-01T00:05:59.49. For issues regarding this website, please contact BoomTown.
 
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