4580 Hopewell Road, Cumming, GA 30028

$990,000
9
BD
5
BA
5,013
SqFt

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List Price
$990,000
Status
ACTIVE
Days on Market
57
MLS#
10779069
Subtype
Residential
Style
Ranch
Year Built
1998
Bedrooms
9
Bathrooms
5
Full Baths
5
Living Area
5,013
Lot Size
118,918
Acres
2.73
Subdivision
STACEY & AUDREY FOWLER

Property 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.

Additional Information

Interior Features
Bookcases, Vaulted Ceiling(s), Double Vanity, Walk-In Closet(s), In-Law Floorplan, Master On Main Level, Soaking Tub
Property Description
Ranch
Flooring
Hardwood, Tile, Carpet, Vinyl
Appliances
Dishwasher, Double Oven, Dryer, Gas Water Heater, Microwave, Refrigerator, Tankless Water Heater, Washer, Range, Stainless Steel Appliance(s)
Heating
Central
Air Conditioning
Central Air
Stories
2 Stories
Levels
Two
Parking
Garage
Elementary School
Silver City
High School
North Forsyth

Listing courtesy of Virtual Properties Realty.com.

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