Gainesville,
Georgia GA30504
Once in a lifetime opportunity to have an income producing property AND personally enjoy Lake Lanier life! Four unit townhome building completely updated with roughly 566 feet of lake frontage complete with Corp permitted 2 slip boat dock in place with party deck on top. One 1,375 sqft unit with finished basement is currently vacant, perfect for owner occupant, but can easily be rented. Rents are currently under market, but still has revenue of $90,600/yr with all units rented. No HOA to worry about! Two units have finished basements, and 2 have unfinished basements. Homes have had recent renovations and are in good condition, and external siding is almost new condition. Cute decks for each unit overlook the lake, and have great views of the lake during fall/winter.
Listing ID10003261
Sold For$1,200,000
StatusSold
Sold Date12/03/2021
Acres
0.750
CountyHall
SubdivisionPemmican Point
Year Built1983
Property TypeResidential Income
Basement
Finished
Cooling
Central Air, Electric
Heating
Electric
Construction Materials
Vinyl Siding
Lot Size Source
Public Records
Number Of Units Total
4
Parking Features
Over 1 Space per Unit
Parking Total
9
Sewer
Public Sewer
Structure Type
Quadruplex
Utilities
Electricity Individual Meters, Sewer Connected
Water Source
Public
Area
HAL4
Association
no
Directions
From Atlanta: Take I-85 N to I-985N to exit 16 for GA-53 twd Dawsonville. Left onto GA-53 (signs twd Univ of N. GA). Right onto Hwy 53/McEver Rd. Left onto Pemmican Run. The property will be on the left.
Elementary School
Lyman Hall
High School
Chestatee
High School Bus
no
Middle School
Chestatee
Middle School Bus
no
Deed Book
6983
Deed Page
583
Elementary Bus
no
Property Condition
Resale
Update System Name
LIM
Association Fee Includes
None
Financing Type
Cash
Gross Income
90600
Insurance Expense
2594
Maintenance Expense
940
Operating Expense
5937
Owner Pays
Water
Possession
Close Of Escrow
Price
1150000
Tax Annual Amount
2157
Tax Year
2020
Water Sewer Expense
615
Listing courtesy of Atlas Real Estate Inc.
©2024 Georgia MLS. All rights reserved. The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange/Broker Reciprocity Program of Georgia MLS. Real estate listings held by brokerage firms other than Georgia's Home Team Realty, LLC are marked with the Internet Data Exchange/Broker Reciprocity logo and detailed information about them includes the name of the listing brokers. The broker providing this data believes it to be correct, but advises interested parties to confirm them before relying on them in a purchase decision. Information is deemed reliable but is not guaranteed. The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed. Data last updated: Thursday, April 18th, 2024.
