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USAGALeesburgCypress Point S/d298 Cypress Point Cir
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298 Cypress Point Cir, Leesburg, GA

House

For Sale

Listed price in listed location currency (USD).
$95,000

320

MLS® 10770204

  • Key Facts
  • Description
  • Map

Key Facts

Type 
Levels Residential
Size 1650 sqft
Garage 
Taxes $542
Days Active 3
Lot Size 
Approx. Age 1995
Avg. Price Per Sqft $57
MLS® Number 10770204

Property Address: 298 Cypress Point Cir, Leesburg, GA, 31763-4628

Average square foot calculated using Size range provided by listing agent.

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.
MLS® Number10770204
Laundry Level
Central VacNo
FireplaceNo
Acreage
Exterior
Garage
Approx. Age1995
BasementNone
DrivewayNone
Garage Spaces
Heat
A/C
Heating Fuel

Extras

Price History

-End Date
Not Sold YetSold Price

For Sale

May 22, 2026List Date
$95,000List Price
  • Commute

Commute

Starting Address
Destination Address
298 Cypress Point Cir, Leesburg, GA

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