2331 Highway 52 W

Listing Provided by Keller Williams Rlty First Atl
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 10%+ 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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Based on information submitted to Georgia MLS as of January 29, 2023 11:38 AM EST . All data is deemed reliable but is not guaranteed accurate by the MLS. All information should be independently reviewed and verified for accuracy. IDX information is provided exclusively for consumers’ personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

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