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Hiawassee,GA 30546
Key Details
Property Type Commercial
Sub Type Business
Listing Status Active
Purchase Type For Sale
Square Footage 5,334 sqft
Price per Sqft $177
MLS Listing ID 7640312
Year Built 1978
Annual Tax Amount $2,334
Tax Year 2024
Lot Size 2.120 Acres
Property Sub-Type Business
Property Description
Nestled on 2.12 serene acres in the heart of the North Georgia Mountains, this 5,334 sq. ft. bed and breakfast offers the perfect combination of investment opportunity, natural beauty, and room to grow. Just minutes from Lake Chatuge, Brasstown Bald, Young Harris College, and the Georgia Mountain Fairgrounds, guests have endless activities at their fingertips. From boating, kayaking, and fishing to hiking, chasing waterfalls, camping, and exploring the Appalachian Mountains. For even more charm, the Bavarian-style village of Helen, GA is only a 30-minute scenic drive south. The property includes a main house with 4 bedrooms, 3 baths, a dry sauna, and hot tub, currently a nightly rental at $159 per night with year-round mountain views and repeat guests. An attached apartment features 1 bedroom, 1 bath, a full kitchen, and laundry, currently leased at $1,175 per month for steady long-term income. A detached cabin offers 2 bedrooms, 2.5 baths, a full kitchen, and laundry, currently leased at $1,500 per month with tremendous future short-term rental potential. Should you desire, both of these rentals can be changed back to nightly room rentals! Over $325K in renovations have transformed this property inside and out. The main home, guest house, and apartment received extensive updates including new roofs, plumbing, electrical upgrades, flooring, fixtures, windows, and fresh paint throughout. Kitchens and baths were modernized with new vanities, appliances, and granite countertops, while outdoor improvements include new balconies, retaining walls, fencing, landscaping, and French drains for enhanced curb appeal and functionality. With 7 bedrooms and 6.5 baths across three unique living spaces, this property already generates impressive rental income property with a projected 10.68 CAP rate while providing ample acreage for future growth! Think additional cabins, event space, or expanded B&B amenities to maximize your future returns. Whether you're looking to run a turnkey mountain retreat, expand into a thriving hospitality business, or create a family compound with income potential, this property delivers endless possibilities.
Location
State GA
County Towns
Zoning None
Rooms
Other Rooms Storage - Equipment,Storage - Other
Interior
Heating Central,Forced Air,Separate Meters,Zoned
Cooling Ceiling Fan(s),Central Air,Electric,Multi Units,Zoned
Flooring Hardwood,Laminate,Luxury Vinyl
Equipment None
Exterior
Parking Features See Remarks
Fence Fenced,Wood
Utilities Available Cable Available,Electricity Available,Natural Gas Available,Phone Available,Water Available
Waterfront Description None
View Y/N Yes
View Lake,Mountain(s),Trees/Woods
Roof Type Metal
Building
Lot Description Level,Mountain Frontage,Other
Story Three Or More
Foundation Block
Sewer Septic Tank
Water Public
Structure Type Aluminum Siding,HardiPlank Type
Others
Acceptable Financing 1031 Exchange,Cash,Conventional,VA Loan
Listing Terms 1031 Exchange,Cash,Conventional,VA Loan