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About This Home

This land at 4580 Hopewell Road in Cumming, GA is listed for $990,000 (2.73 acres).

Agent 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.

Key Features

  • Built in 1998
  • 2.73 acre lot
  • 2 stories
  • 5 parking spaces
  • Fireplace

Property Details

2 stories
5 full
5 spaces
1998

Amenities

FireplaceHardwoodA/C

Location

4580 Hopewell Road

Cumming, GA 30028

STACEY & AUDREY FOWLER

Features & Amenities

Interior Features

BookcasesVaulted Ceiling(s)Double VanityWalk-In Closet(s)In-Law FloorplanMaster On Main LevelSoaking Tub

Property Details

Flooring

VinylCarpetTileHardwood

Construction

Brick

Pool Features

PatioDeck

Parking

Garage

Heating

Central

Cooling

Central Air

Appliances

DishwasherDouble OvenDryerGas Water HeaterMicrowaveRefrigeratorTankless Water HeaterWasherRangeStainless Steel Appliance(s)

Questions & Answers

This 9-bedroom, 5-bathroom land at 4580 Hopewell Road is listed at $990,000 ($197/sqft). The estimated monthly payment is $4,290 based on 20% down at 6.5% interest.

Key features include: Built in 1998, 2.73 acre lot, 2 stories, 5 parking spaces, Fireplace. Interior Features: Bookcases, Vaulted Ceiling(s), Double Vanity.

This property is listed by Ashish Chandwadkar and can be reached at 9196025208 or ashishchandwadkar@gmail.com.

AC

Ashish Chandwadkar

Agent at Virtual Properties Realty.com

(919) 602-5208

Listed by Virtual Properties Realty.com · View on Broker Site

MLS# 10779069· Source: listhub· Updated 3 days ago

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4580 Hopewell Road, Cumming, GA 30028

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