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Frank Farkas

frank.farkas2@gmail.com +1(678) 442-1509

$980,000

Est. payment - /mo

9 Beds

5 Baths

5,013 SqFt

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UPDATED:

Key Details

Property Type Single Family Home

Sub Type Single Family Residence

Listing Status Active

Purchase Type For Sale

Square Footage 5,013 sqft

Price per Sqft $195

Subdivision Stacey & Audrey Fowler

MLS Listing ID 7782796

Style Ranch

Bedrooms 9

Full Baths 5

Construction Status Resale

HOA Y/N No

Year Built 1998

Annual Tax Amount $7,590

Tax Year 2025

Lot Size 2.730 Acres

Acres 2.73

Property Sub-Type Single Family Residence

Source First Multiple Listing Service

Property Description

Investor's dream in highly desirable Forsyth County! This rare income-producing property sits on 2.73+/- private acres with A1 Agricultural zoning and offers multiple income streams, flexible use potential, and long-term upside in one of North Georgia's fastest-growing areas. Conveniently located near Coal Mountain, North Georgia Premium Outlets, and just minutes from Georgia State Route 400 for easy commuting, shopping, dining, and entertainment. Main Residence: 5 Bedrooms, 3 Bathrooms Approximately 2,688 sq. ft. 4-side brick Metal Roof Additional Living Spaces: Basement Apartment #1: 2 Bed / 1 Bath - Approx. 1,178 sq. ft. Basement Apartment #2: 2 Bed / 1 Bath - Approx. 1,147 sq. ft. Income Potential - Current rental income already in place: Two basement apartment tenants generating income Additional tenant occupying the on-site workshop Current combined rental income: $3,800/month Additional Seller Leaseback Opportunity Seller willing to lease back the main home for $2,400/month Projected total monthly income: $6,200/month from day one Flexible Purchase Options: Seller willing to deliver the property in any of the desired states - 1/ Fully vacant, 2/ Partially vacant with the main house vacant and basement and workshop tenants in place 3/ Fully occupied with the seller staying back and paying rent for a couple of years! Land & Agricultural Features: 2.73+/- Acres A1 Agricultural Zoning Private Well - No Need for City Water Functional Workshop 10 Goats Currently on Property Excellent setup for: Homesteading Hobby farming Multi-generational living Income-producing investment Small business or agricultural use Area Growth & Investment Upside This opportunity is surrounded by strong growth and rising property values in Forsyth County. Nearby Comparable Support: Adjacent property at 4630 Hopewell Rd sold for $1.3M in 2021 Currently valued at over $1.7M Located within an area known for: Top-rated Forsyth County schools Strong buyer demand Expanding commercial and residential development Increasing land values Properties offering acreage, income potential, agricultural flexibility, and proximity to GA-400 are becoming increasingly difficult to find.

Location

State GA

County Forsyth

Area Stacey & Audrey Fowler

Lake Name None

Rooms

Bedroom Description Master on Main,In-Law Floorplan

Other Rooms Shed(s), Workshop, Barn(s)

Basement Finished, Daylight, Driveway Access, Exterior Entry, Finished Bath, Walk-Out Access

Main Level Bedrooms 5

Dining Room None

Kitchen Breakfast Bar, Breakfast Room, Cabinets Stain, Eat-in Kitchen, Keeping Room, Stone Counters, View to Family Room, Pantry, Solid Surface Counters

Interior

Interior Features Bookcases, Vaulted Ceiling(s), Crown Molding, Disappearing Attic Stairs, Double Vanity, Entrance Foyer, His and Hers Closets, High Speed Internet, Low Flow Plumbing Fixtures, Permanent Attic Stairs, Recessed Lighting, Walk-In Closet(s)

Heating Central

Cooling Central Air

Flooring Hardwood, Tile, Carpet, Luxury Vinyl

Fireplaces Number 1

Fireplaces Type Brick, Circulating, Insert, Wood Burning Stove

Equipment None

Window Features Double Pane Windows,ENERGY STAR Qualified Windows,Insulated Windows

Appliance Dishwasher, Double Oven, Dryer, Electric Range, Gas Water Heater, Microwave, Refrigerator, Self Cleaning Oven, Tankless Water Heater, Washer

Laundry Electric Dryer Hookup, Laundry Room, Main Level, Laundry Closet

Exterior

Exterior Feature None

Parking Features Garage

Garage Spaces 2.0

Fence Fenced

Pool None

Community Features None

Utilities Available Cable Available, Electricity Available, Natural Gas Available, Phone Available

Waterfront Description None

View Y/N Yes

View Other

Roof Type Metal

Street Surface Gravel,Dirt

Accessibility None

Handicap Access None

Porch Covered, Deck, Front Porch, Patio

Total Parking Spaces 5

Private Pool false

Building

Lot Description Farm, Private, Back Yard, Front Yard

Story Two

Foundation Concrete Perimeter

Sewer Septic Tank

Water Well

Architectural Style Ranch

Level or Stories Two

Structure Type Brick,Brick 4 Sides

Construction Status Resale

Schools

Elementary Schools Silver City

Middle Schools North Forsyth

High Schools North Forsyth

Others

Senior Community no

Restrictions false

Tax ID 214 022

Ownership Fee Simple

Acceptable Financing Cash, Conventional, USDA Loan, FHA, VA Loan

Listing Terms Cash, Conventional, USDA Loan, FHA, VA Loan

Special Circumstances None

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Listed by Virtual Properties Realty.com

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Frank Farkas

+1(678) 442-1509

Managing Partner - Realtor License ID: 174175

4580 Hopewell RD Cumming, GA 30028

Frank Farkas

Key Details

Location

Rooms

Interior

Exterior

Building

Schools

Others

Nearby School & Business

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