Lot: 0.23 MLS#: 10056520
Location! Location! Location! Welcome to Innsbruck Golf Resort, probably the closest (less than 2 mi) and most popular major resort nearby City of Helen, the 3rd largest tourist destination in Georgia! One of the best places for short-term and vacation rentals with almost 70% occupancy (almost 270 days a year!) with average rent of $100 for 2B, 1B and $150 for 3-4B, 2B per night! Houses with 4-6B, 3B go for rentals as high as $600 per night during peak seasons! Not just rentals, existing houses 4B, 2B with 2000+ sf go for $400K+ and new construction go as high as $600K or more for houses of similar size and rooms! Buy land dirt cheap, build a 4B, 2B+ house with 2000+ sf at $250K-$280K with short-term loan, rent out and get NOI of $40K for a house, i.e. almost 14% cap rate! Then, refinance it within a year or so and repeat - BRRRR! Or, you can just sell for $550-$600K and just take home $200K+ profits! Helen is definitely on the topmost and closest tourist destination from Metro Atlanta, about 1.5 hours drive from Atlanta. Note: Listing agent has ownership interest in the property.
Listed by KWNF01