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About This Home

This 9-bedroom, 5-bathroom single family at 4580 Hopewell Road in Cumming, GA is listed for $990,000 ($368 per sqft). Built in 1998, the home offers 2,688 sqft of living space on a 2.73 acres lot.

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

Monthly Cost Estimate

$5,295/mo

20% down · 6.5% · 30 years

Principal$716
Interest$4,290
Insurance$289

Estimates only. Actual payments may vary.

Location

4580 Hopewell Road

Cumming, GA 30028

STACEY & AUDREY FOWLER

Features & Amenities

Interior Features

BookcasesVaulted Ceiling(s)Crown MoldingDisappearing Attic StairsDouble VanityEntrance FoyerHis and Hers ClosetsHigh Speed InternetLow Flow Plumbing FixturesPermanent Attic StairsRecessed LightingWalk-In Closet(s)

Property Details

Flooring

HardwoodTileCarpetVinyl

Construction

Brick Brick 4 Sides

Pool Features

PatioPorchDeck

Parking

Garage

Heating

Central

Cooling

Central Air

Appliances

DishwasherDouble OvenDryerElectric RangeGas Water HeaterMicrowaveRefrigeratorSelf Cleaning OvenTankless Water HeaterWasher

Questions & Answers

This 9-bedroom, 5-bathroom single family at 4580 Hopewell Road is listed at $990,000 ($368/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), Crown Molding.

This property is listed by Ashish Chandwadkar and can be reached at (770) 495-5050 or ashishchandwadkar@gmail.com.

AC

Ashish Chandwadkar

Agent at Virtual Properties Realty.com

(770) 495-5050

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

MLS# 7782796· Source: listhub· Updated 3 days ago

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4580 Hopewell Road, Cumming, GA 30028

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