159 Back Pine Way, Ellijay, GA 30536

Local realty services provided by:Better Homes and Gardens Real Estate Metro Brokers
159 Back Pine Way,Ellijay, GA 30536
$2,250,000
  • - Beds
  • - Baths
  • - sq. ft.
  • Multi-family
  • Active
Listed by: brenda cormier
Office: key real estate solutions, inc.
MLS#:7255587
Source:FIRSTMLS

Price summary

  • Price:$2,250,000

About this home

Have you ever dreamed of owning your own Airbnb community? Great investment opportunity. 8 two bedroom cabins on 7 + acres in Ellijay. Currently the cabins are being rented long term but short term rentals are allowable. The cabins have all been recently remodeled and have new metal roofs. Tank less hot water heaters and ac/heat wall units. 7 of the 8 cabins are rented for $1550 per month. The 8th cabin currently is the home of the grounds keeper. 6 % CAP rate is based on 8th cabin being rented at $1550. All on their own septic and are on a community well. There is an old horse barn on the property that can be renovated and used to bring in additional income. Community fishing pond. Perfect opportunity to own your own Airbnb community in the north Georgia Mountains. This unique villa tract is located just off 515, 5 minutes from downtown Ellijay. Listing agent is related to seller. OWNER FINANCING AVAILABLE.

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Home facts

  • Year built:1980
  • Listing ID #:7255587
  • Updated:February 22, 2024 at 02:16 PM

Heating and cooling

  • Cooling:Ceiling Fan(s), Separate Meters, Window Unit(s)
  • Heating:Electric, Separate Meters

Structure and exterior

  • Roof:Metal
  • Year built:1980
  • Lot area:7.44 Acres

Schools

  • High school:Gilmer
  • Middle school:Clear Creek
  • Elementary school:Clear Creek - Gilmer

Utilities

  • Water:Water Available
  • Sewer:Septic Tank

Finances and disclosures

  • Price:$2,250,000
  • Tax amount:$4,734 (2023)
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