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3732 Roy Parks Road

$1,999,000

3732 Roy Parks Road, Gainesville, GA 30575

Active
Last Updated: 09/09/2022

14

Cap Rate

236,000

NOI

Details:
Cap Rate:    14%
NOI:    $236,000
Year Built:    1953
Parking Spots:    9
Highlights:
  • Lot Features: Level, Private
  • Gross Income: 336000
  • Number Of Buildings: 9
  • Bathrooms Total: 0
  • Documents Available: Aer Photo, Legal Desc, Prof/Loss
  • Cooling: Ceiling Fan(s), Central Air
  • Heating: Central, Electric, Forced Air
  • Electric: 110 Volts, 220 Volts
  • Flooring: Carpet, Hardwood, Vinyl
  • Construction Materials: Wood Siding
  • Parking Features: Parking Lot
  • Accessibility Features: None
  • Security Features: Closed Circuit Camera(s), Security Gate, Security Lights
  • Buyer Agency Compensation: 3.00
Description:

‘YELLOWSTONE COMES TO ATLANTA’! Rare to market, crown-jewel 87 acre fully-boarded professional equestrian farm (Honey Bee Farms) located in Hall County in Gainesville area... Enjoy some of the most beautiful, enchanting rolling pastures nature has to offer. Professionally run- pristine condition facility by owner/operator, this stunning landmark property has a 5-star Google area reputation- with over 40 customers on a current waiting list to enter!! Features are: (25) 12’x12’ stalls (with auto-on fan systems) generating approx $600/mo each; (18) pasture horses generating approx $400/mo each. (1) cottage house that can rent approx $1,800/mo; (1) 3BR/2BA home generating approx $1,200/mo; and a third home that owner occupies, 3BR/3BA that can generate approx $2,000/mo. All three homes on individual meters... Total annual revenue potential [with all houses rented too] $336,000+. And there is plenty of room for add’l pasture space too for more monthly receipts! Property is lined by fast-moving stream. There are 2 ponds (one spring-fed). Pristine, olympic-size lit arena that is “showcase” quality! (5) paddocks. (4) tack rooms to accommodate 100 saddles. (2) wash stalls with hot water. (3) feed rooms. Freestanding hay & equipment barn. Backup generator system. Well-fed water system, which means low utility bills... Guest bathroom. New for 2022 additional $1,200 monthly income from lessons (trainers required to hold their own liability insurance)... Add additional revenue potential by hosting weddings; ABNB; etc... Plenty of room to grow for years to come! Short drive to Interstate I-85 and I-985. This turn-key equestrian farm is among the highest-quality, professionally run you can find in GA- with a reputation and name that is known throughout N. Atlanta. New price adjustment makes this a very attractive acquisition...

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