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Debbie Kirkland

[email protected] +1(850) 212-0440

$ 89,900

Est. payment -/mo

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Price Dropped by $5K

298 Cypress Point Circle Leesburg, GA 31763

3 Beds

2 Baths

1,650 SqFt

UPDATED:

Key Details

Property Type Mobile Home, Manufactured Home

Sub Type Mobile/Manufactured

Listing Status Active

Purchase Type For Sale

Square Footage 1,650 sqft

Price per Sqft $54

Subdivision Cypress Point

MLS Listing ID 169201

Bedrooms 3

Full Baths 2

HOA Y/N No

Year Built 1995

Annual Tax Amount $541

Tax Year 2025

Lot Size 0.610 Acres

Property Sub-Type Mobile/Manufactured

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

Area Lee

Rooms

Basement Crawl Space

Master Bathroom Primary Bath: Separate Shower, Primary Bath: Garden Tub, Primary Bath: Vanity His/Hers

Interior

Interior Features His and Hers Closets, Other Walls See Remarks

Heating Fireplace(s)

Cooling Central Electric

Flooring Vinyl, Carpet

Fireplace Yes

Window Features No Window Treatments

Appliance Stove/Oven Electric, Electric Water Heater

Laundry Laundry Room

Exterior

Parking Features Other-See Remarks

Utilities Available Electricity Connected

Waterfront Description Creek

View Y/N No

Water Access Desc To Follow

Roof Type Metal

Porch Porch Covered

Garage No

Building

Lot Description Flood Zone

Story 1

Foundation Concrete Perimeter

Sewer To Follow

Water To Follow

Level or Stories 1

Stories 1

Floor Plan 1

Others

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

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Listed by ERA ALL IN ONE REALTY

Debbie Kirkland

Broker License ID: BK3052075

+1(850) 212-0440

Debbie Kirkland

298 Cypress Point Circle Leesburg, GA 31763

Key Details

Location

Rooms

Interior

Exterior

Building

Others

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298 Cypress Point Circle