Looking for a turnkey, high-yield investment? This 5-bedroom, 2-bathroom PadSplit in Toccoa is already generating over $28,000 per year in gross income and there's room to grow! Convert the living room into a 6th bedroom to increase revenue even further. Unlike traditional rental properties, PadSplit offers steady, diversified income from multiple tenants, reducing vacancy risk. Google "PadSplit" to learn more about the platform. The current owner has had zero issues with code enforcement or nearby residents. Seller is currently paying off the remaining $71,000 on his mortgage at 4.25%, and is ready to sell subject-to if the buyer makes up the difference at closing. Toccoa itself is a hidden gem, offering a peaceful, small-town feel with plenty to explore. Just a short drive from Toccoa Falls, one of Georgia's most stunning waterfalls, and near Lake Hartwell, an outdoor lover's paradise, this area attracts residents who appreciate affordability without sacrificing quality of life. Downtown Toccoa features charming local shops, restaurants, and a welcoming community atmosphere.
Assessed Value is a combination of the land and additions.
2023
$1,204
(+0.48%)
$42,436
Land 3,011 +
Additions 39,425
2022
$1,198
(+7.86%)
$40,243
Land 3,011 +
Additions 37,232
2021
$1,111
(-0.17%)
$37,233
Land 3,011 +
Additions 34,222
2020
$1,113
(+17.12%)
$37,233
Land 3,011 +
Additions 34,222
2016
$950.03
$38,154
Land 2,858 +
Additions 35,296
The Property History data displayed is obtained from public records and/or MLS feeds from the local jurisdiction in which the applicable property is located. As kw.com cannot guarantee that all public records and MLS data is accurate and error-free, it is important that you contact your agent directly in order to obtain the most up-to-date information available.
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