298 Cypress Point Circle, Leesburg, GA 31763
Local realty services provided by:Better Homes and Gardens Real Estate Metro Brokers
298 Cypress Point Circle,Leesburg, GA 31763
$89,900
- 3 Beds
- 2 Baths
- 1,650 sq. ft.
- Single family
- Active
Listed by: lacey mccarty
Office: era all in one realty
MLS#:10770204
Source:METROMLS
Price summary
- Price:$89,900
- Price per sq. ft.:$54.48
About this home
Income-producing waterfront property with upside potential! This tenant-occupied 3BR/2BA home sits on approximately 0.61 acres along Kinchafoonee Creek and currently rents for $850/month to a long-term tenant of approximately 10 years. The current owner has intentionally kept rent below market value in consideration of the tenant's long occupancy, creating an opportunity for future income growth. Seller records reflect approximately $10,200 in annual gross rental income and nearly $9,000 in net operating income over the past year. The spacious floor plan features a large living room with vaulted ceilings and fireplace, an oversized kitchen addition with abundant cabinetry and counter space, a large mudroom/laundry room with separate exterior entrance, and a split-bedroom layout. The primary suite offers dual walk-in closets, double vanities, a garden tub, and separate shower. Additional features include a huge screened rear porch, covered front porch, concrete skirting, metal roof, and scenic frontage along Kinchafoonee Creek. While the home could benefit from cosmetic updates and some TLC, it presents a compelling value-add opportunity for investors seeking immediate cash flow with future upside. Similar properties in the area may support higher rental rates, particularly after improvements, allowing a new owner to potentially increase cash flow while building long-term equity. Affordable income-producing properties with waterfront features and proven rental history are increasingly difficult to find. Don't miss this opportunity....
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Home facts
- Year built:1995
- Listing ID #:10770204
- Updated:July 11, 2026 at 03:28 PM
Rooms and interior
- Bedrooms:3
- Total bathrooms:2
- Full bathrooms:2
- Flooring:Carpet, Vinyl
- Bedroom Description:Master On Main Level, Split Bedroom Plan
- Living area:1,650 sq. ft.
Heating and cooling
- Cooling:Ceiling Fan(s), Central Air
- Heating:Central
- Central air:Yes
Structure and exterior
- Roof:Metal
- Year built:1995
- Building area:1,650 sq. ft.
- Lot area:0.61 Acres
- Architectural Style:Modular Home
- Levels:1 Story
Schools
- High school:Lee
- Middle school:West Lee
- Elementary school:Lee
Utilities
- Water:Public, Water Available
- Sewer:Public Sewer
Finances and disclosures
- Price:$89,900
- Price per sq. ft.:$54.48
- Tax amount:$542 (25)
Features and amenities
- Appliances:Electric Water Heater
- Laundry features:In Mud Room
- Amenities:Electric Water Heater, Vaulted Ceiling(s)
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