Opportunities like this are rare-3.62 acres with a private lake, a
wooden fishing dock, and open land in a location this convenient
are almost unheard of. Tucked away from the street for added
privacy, this four-sided brick ranch offers the kind of property
buyers wait for. Enjoy your own backyard retreat featuring a newly
completed Trex composite deck overlooking the inground saltwater
pool and peaceful lake views-all surrounded by exceptional privacy.
The property also includes a detached shed and a poured concrete
slab with turf, offering the perfect space for a batting cage,
sports setup, or future outdoor entertaining area. There is no
mandatory HOA, although optional HOA membership is available.
Inside, the home offers a spacious and functional layout with the
primary suite on the main level, four bedrooms, and
three-and-a-half bathrooms. Additional spaces include a large
living room, formal dining room, dedicated office, and an eat-in
kitchen with a bay window overlooking the property. The oversized
laundry and mudroom adds even more everyday convenience. The
partially finished basement expands the possibilities with
cedar-lined walls, a fireplace, pool room, workshop space, plumbing
stubbed for a future bathroom, and plenty of room to customize.
Additional highlights include new interior doors throughout and a
two-car garage. All of this is located just minutes from Ingles and
Kroger Marketplace and only 10 minutes from Downtown Athens. Ask
about potential Georgia Promise Scholarship opportunities for area
schools. Properties offering this much land, water, privacy, and
flexibility in such a convenient location don't come along
often-don't miss the opportunity to make it yours.
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Interior Features: Beamed Ceilings, Double Vanity, Other, Soaking Tub, Vaulted Ceiling(s), Walk-In Closet(s), Master On Main Level, Rear Stairs, Separate Shower, Two Story Foyer
Appliances: Cooktop, Dishwasher, Electric Water Heater, Microwave, Refrigerator, Oven (Wall)
Flooring Type: Tile, Vinyl
Laundry Features: In Mud Room
Has Fireplace
Fireplace Features: Basement, Family Room, Living Room
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