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4332 Spainhill Circle; Gainesville, GA 30504

$499,900

2,304 Sq Ft
5 Bedrooms
3 Bathrooms
Driveway
6880820
Great income property walking distance to Lake Lanier! Currently operating with an 8% cap, but with 10% cap potential! This is a combination of 3 lots totaling 1.269 acres. The house was built in 2008 and is split into an upper and lower level. The upper level is a 3 bedroom, 2 bath home with an open floor plan for the kitchen/dining room/living room. The lower level is a 2 bedroom, 1 bath home. Property also contains 2 mobile homes and a 500 square ft freestanding studio. The mobile homes are both single wide, but with development 1 or both could be double wide. Home is in very good condition. Property is on well water and septic. Currently fully occupied. High demand for rentals in area. House can be financed with a lender; Seller can finance the rest of the property for qualified buyer.
Key Facts
  • Style:
  • Year Built: 2008
  • Status: Active
Schools
  • Elementary School: McEver
  • Middle School: Chestatee
  • High School: Chestatee
Bedrooms
  • Beds Total: 5
  • Lower Bedrooms: 2
Bathrooms
  • Baths Full: 3
  • Baths Half: 0
  • Lower Full Baths: 1
  • Main Full Baths: 2
  • Master Bath Features: Tub/Shower Combo

Learn more about this property...

Private & Public Schools Nearby

  • 2 / 5
    Below
    Avg

    McEver Elementary School
    3265 MONTGOMERY DRIVE; Gainesville, GA 30504
    Public PK-5th  |  517 students
    Metro Atlanta School Rank: 699th
  • 2 / 5
    Below
    Avg

    Chestatee Middle School
    2740 FRAN MAR DRIVE; Gainesville, GA 30506
    Public 6th-8th  |  1,026 students
    Metro Atlanta School Rank: 314th
  • 2 / 5
    Below
    Avg

    Chestatee High School
    3005 SARDIS ROAD; Gainesville, GA 30506
    Public 9th-12th  |  1,378 students
    Metro Atlanta School Rank: 227th

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Listing Provided Courtesy Of: Weichert, Realtors - The Collective
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Listing information last updated on March 28, 2023
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