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$ 95,000

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298 Cypress Point CIR Leesburg, GA 31763

3 Beds

2 Baths

1,650 SqFt

UPDATED:

Key Details

Property Type Manufactured Home, Single Family Home

Sub Type Manufactured Home,Single Family Residence

Listing Status Active

Purchase Type For Sale

Square Footage 1,650 sqft

Price per Sqft $57

Subdivision Cypress Point S/D

MLS Listing ID 10770204

Style Modular Home

Bedrooms 3

Full Baths 2

HOA Y/N No

Year Built 1995

Annual Tax Amount $541

Tax Year 25

Lot Size 0.610 Acres

Acres 0.61

Lot Dimensions 26571.6

Property Sub-Type Manufactured Home,Single Family Residence

Source Georgia MLS 2

Property Description

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.

Location

State GA

County Lee

Rooms

Bedroom Description No

Basement None

Interior

Interior Features Master On Main Level, Split Bedroom Plan, Vaulted Ceiling(s)

Heating Central

Cooling Ceiling Fan(s), Central Air

Flooring Carpet, Vinyl

Fireplaces Number 1

Fireplace Yes

Appliance Electric Water Heater

Laundry Mud Room

Exterior

Parking Features None

Community Features None

Utilities Available Water Available

Waterfront Description Creek

View Y/N No

Roof Type Metal

Garage No

Private Pool No

Building

Lot Description Other

Faces Hwy 19 N from Albany towards Leesburg, Turn left onto Century Rd. Turn Left onto Cypress Point Circle.

Sewer Public Sewer

Water Public

Architectural Style Modular Home

Structure Type Other

New Construction No

Schools

Elementary Schools Lee

Middle Schools West Lee

High Schools Lee

Others

HOA Fee Include None

Tax ID 038 021

Special Listing Condition Fixer

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298 Cypress Point CIR Leesburg, GA 31763

Key Details

Location

Rooms

Interior

Exterior

Building

Schools

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298 Cypress Point CIR