ATTENTION INVESTORS: Online Auction – Single Family Rental Home and Potential for More Units

An investment opportunity not to miss in the Lakeview area of North Georgia – will be sold at Online Auction on March 10th at 6pm.

Open House being held on Sunday, March 1st from 2pm to 4pm

– 568 Lakeview Drive
– Property Contains three improvements: one Occupied Single Family Home, a 2,800 +/- square foot single story structure and a metal shop building
– Catoosa County Parcel ID # 0001E006
– Lakeview area has a very strong pool of renters
– Gross Monthly Rent = $850
– Little to no deferred maintenance on the occupied home: owner has completed extensive renovations (details below)
– Great location
– Lot Size +/- 0.9 Acre
– Zoned R-1, unincorporated Catoosa County
– Zoned for Cloud Springs Elementary, Lakeview Middle (walking distance) and Lakeview-Fort Oglethorpe High School

Single Family Rental
– Occupied, tenant pays $850/Month, lease expires on 5/31/20
– 928 +/- square feet, 2 bedrooms, 1.5 bath
– Fully renovated in the Spring of 2019
– New HVAC in May of 2019
– New Roof in May of 2019
– New kitchen cabinets and sink
– New bathroom fixtures, sink and toilet
– 4 Cedar wood closets
– Laundry hookups
– Mix of hardwoods, LVP, carpet and tile. Tile kitchen and bathroom, laminate in laundry room
– Security cameras in place to monitor the exterior of the property, video recorded 24/7 on a secure on-site DVR system that is connected to a secure Wi-Fi network. Owner can view the video feed through a smartphone ap.
– OPEN HOUSE being held on Sunday, March 1st from 2pm to 4pm

2,800 +/- sq ft Single Story Structure – Front of the Property
– Solid roof and cinder block / stick-frame walls
– Owner gutted the interior, it was formerly 4 rental units plus a work shop
– Workshop with garage door and man-door access
– Loads of potential: additional long term rental units or short term rentals. Only 1.3 miles to Lake Winnepesaukah

800 +/- Metal Shop Building
– Makes a great work-shop or storage building
– Garage door and man-door access
– Enough room to fit a vehicle
– Power and water
– Sitting atop a poured concrete slab


Agent profile image
Chad Oliver

Company: Compass Auctions & Real Estate

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