441 Mull RD Save Request In-Person Tour Request Virtual Tour
Hiawassee,GA 30546
Key Details
Property Type Commercial
Sub Type Commercial,Hotel/Motel
Listing Status New
Purchase Type For Sale
Square Footage 5,334 sqft
Price per Sqft $177
MLS Listing ID 10593398
HOA Y/N No
Year Built 1978
Annual Tax Amount $2,334
Tax Year 2024
Lot Size 2.120 Acres
Acres 2.12
Lot Dimensions 2.12
Property Sub-Type Commercial,Hotel/Motel
Source Georgia MLS 2
Property Description
Nestled on 2.12 serene acres in the heart of the North Georgia Mountains, this 5,334 sq. ft. bed and breakfast offers the perfect combination of investment opportunity, natural beauty, and room to grow. Just minutes from Lake Chatuge, Brasstown Bald, Young Harris College, and the Georgia Mountain Fairgrounds, guests have endless activities at their fingertips. From boating, kayaking, and fishing to hiking, chasing waterfalls, camping, and exploring the Appalachian Mountains. For even more charm, the Bavarian-style village of Helen, GA is only a 30-minute scenic drive south. The property includes a main house with 4 bedrooms, 3 baths, a dry sauna, and hot tub, currently a nightly rental at $159 per night with year-round mountain views and repeat guests. An attached apartment features 1 bedroom, 1 bath, a full kitchen, and laundry, currently leased at $1,175 per month for steady long-term income. A detached cabin offers 2 bedrooms, 2.5 baths, a full kitchen, and laundry, currently leased at $1,500 per month with tremendous future short-term rental potential. Should you desire, both of these rentals can be changed back to nightly room rentals! Over $325K in renovations have transformed this property inside and out. The main home, guest house, and apartment received extensive updates including new roofs, plumbing, electrical upgrades, flooring, fixtures, windows, and fresh paint throughout. Kitchens and baths were modernized with new vanities, appliances, and granite countertops, while outdoor improvements include new balconies, retaining walls, fencing, landscaping, and French drains for enhanced curb appeal and functionality. With 7 bedrooms and 6.5 baths across three unique living spaces, this property already generates impressive rental income property with a projected 10.68 CAP rate while providing ample acreage for future growth! Think additional cabins, event space, or expanded B&B amenities to maximize your future returns. Whether you're looking to run a turnkey mountain retreat, expand into a thriving hospitality business, or create a family compound with income potential, this property delivers endless possibilities.
Location
State GA
County Towns
Zoning None
Rooms
Other Rooms Other,Tractor Shed
Interior
Heating Central,Forced Air,Zoned
Cooling Central Air,Electric,Zoned
Flooring Hardwood,Laminate
Inclusions Equipment
Fireplace No
Exterior
Parking Features Paved
Garage Spaces 10.0
Fence Fenced,Wood
Utilities Available Cable Available,Electricity Available,Natural Gas Available,Phone Available,Water Available
View Y/N No
Roof Type Metal
Total Parking Spaces 10
Garage No
Private Pool No
Building
Lot Description Level
Faces Use GPS
Sewer Septic Tank
Water Public
Structure Type Aluminum Siding,Wood Siding
New Construction No
Others
Tax ID 0028B046
Acceptable Financing Cash,Conventional
Listing Terms Cash,Conventional
Special Listing Condition Updated/Remodeled