298 Cypress Point Circle, Leesburg, GA 31763
Local realty services provided by:ERA All In One Realty
Listed by:
- Lacey McCarty(229) 886 - 9701ERA All In One Realty
Office: era all in one realty
MLS#:169201
Source:GA_SWGBR
Price summary
- Price:$89,900
- Price per sq. ft.:$54.48
About this home
Income-producing waterfront property with upside potential! This tenant-occupied 3BR/2BA home sits on approximately 0.61 acres along Kinchafoonee Creek and currently rents for $850/month to a long-term tenant of approximately 10 years. The current owner has intentionally kept rent below market value in consideration of the tenant's long occupancy, creating an opportunity for future income growth. Seller records reflect approximately $10,200 in annual gross rental income and nearly $9,000 in net operating income over the past year. The spacious floor plan features a large living room with vaulted ceilings and fireplace, an oversized kitchen addition with abundant cabinetry and counter space, a large mudroom/laundry room with separate exterior entrance, and a split-bedroom layout. The primary suite offers dual walk-in closets, double vanities, a garden tub, and separate shower. Additional features include a huge screened rear porch, covered front porch, concrete skirting, metal roof, and scenic frontage along Kinchafoonee Creek. While the home could benefit from cosmetic updates and some TLC, it presents a compelling value-add opportunity for investors seeking immediate cash flow with future upside. Similar properties in the area may support higher rental rates, particularly after improvements, allowing a new owner to potentially increase cash flow while building long-term equity. Affordable income-producing properties with waterfront features and proven rental history are increasingly difficult to find. Don't miss this opportunity....
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Home facts
- Year built:1995
- Subdivision & Development:Cypress Point
- Listing ID #:169201
- Added:114 day(s) ago
- Updated:September 05, 2026 at 03:18 PM
Rooms and interior
- Bedrooms:3
- Total bathrooms:2
- Full bathrooms:2
- Flooring:Carpet, Vinyl
- Kitchen Description:Stove/Oven Electric
- Living area:1,650 sq. ft.
Structure and exterior
- Year built:1995
- Building area:1,650 sq. ft.
- Lot area:0.61 Acres
- Lot Features:Flood Zone
- Architectural Style:Mobile Home
- Exterior Features:Porch Covered
- Levels:1 Story
Finances and disclosures
- Price:$89,900
- Price per sq. ft.:$54.48
- Tax amount:$541 (2025)
Features and amenities
- Amenities:Split Floor Plan
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