4332 Spainhill Circle; Gainesville, GA 30504

$499,900

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.
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

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Private & Public Schools Nearby

  • 2 / 5
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    McEver Elementary School

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

    2740 FRAN MAR DRIVE; Gainesville, GA 30506
    Public 6th-8th  |  1,026 students
    Metro Atlanta School Rank: 314th
  • 2 / 5
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    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 information last updated on December 7, 2021