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Property Location

0 Waterside Trail, Cleveland GA 30528

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List Price $124,000

Units adj 1

Price / Unit $124,000

0 Waterside Trail Cleveland, GA 30528

Data last updated: August 2, 2026 at 9:46 PM EST

ACTIVE

ONLY LAKEFRONT LOT CURRENTLY AVAILABLE IN LAKE LACEOLA | APPROX. 198 FEET OF SHORELINE | YEAR-ROUND LAKE & MOUNTAIN VIEWS. Build your custom mountain-lake retreat on this exceptional 1.62-acre lakefront homesite in Lake Laceola, a gated mountain-lake community in Cleveland, Georgia. Located at the end of a quiet cul-de-sac, Lot 102 offers approximately 198 feet of shoreline, year-round water views, mountain views, and a rare opportunity to own the only lakefront lot currently available in the community. The elevated homesite is ideally suited for a terrace-level design, creating the opportunity to capture expansive lake and mountain vistas. With no required timeframe to build, buyers have the flexibility to secure a premier waterfront property today and build when the time is right. Underground utilities, water service, and paved roads are already in place. Lake Laceola features a private 120-acre lake, clubhouse, pool, marina, fishing dock, boat ramp, pavilion, and firepit gathering areas. Conveniently located near Cleveland, Helen, local wineries, hiking trails, golf, and the Chattahoochee National Forest. A rare opportunity to enjoy lakefront living in one of North Georgia's most scenic gated communities.

Investment Notes — Cleveland

Located in the Cleveland, GA area
Value-add opportunities typically exist through management, renovations, or operational improvements
Rental demand and achievable rents vary significantly by submarket — local market verification is recommended
Actual cash flow depends on occupancy, expenses, financing, and current market conditions

Built from available FMLS income data and transparent operating assumptions · Units adjusted (LIKELY_SFR_OR_MOBILE)

Price per Unit $124,000 Verified

Confidence scores included Latest FMLS data Transparent modeling

Starts from list price and unit count. No rent data in this listing — enter your own rent assumptions below. Override any value to model your own scenario. Units adjusted (LIKELY_SFR_OR_MOBILE).

Assumptions

Purchase Price List Price

Number of Units

Avg Rent / Unit / Month Enter your estimate

Annual Gross Potential Income Editable

Enter rent per unit or total GPI to model returns

Vacancy Rate Estimated

5.0%

Operating Expense Ratio Estimated

40%

Financing

Down Payment Default 25%

25%

Interest Rate Default 7%

Loan Term Years

30 yrs

Projected Returns

Gross Potential Income —

Effective Gross Income —

Operating Expenses —

Net Operating Income (NOI) —

Asking Cap Rate —

Price Per Unit —

Annual Debt Service —

Year 1 Cash Flow —

Cash-on-Cash Return —

Simplified estimates for Cleveland. Actual results depend on real rents, expenses, financing terms, and local market conditions. Service view: Inquire for Details.

Why these numbers can differ from the Metrics Bar & Highlights above

The Metrics Bar and Highlights use the service’s numbers (actual MLS Gross / Opex / NOI / Cap Rate when available, otherwise modeled).
This calculator lets you change every assumption in real time. Once you move any slider or input, the results become your scenario, not the service estimate.
Vacancy, expense ratio, and financing terms here may be more or less aggressive than the service defaults.
Cash flow shown is before income taxes, capital expenditures, and any other non-operating items.

Inquire for Details

Jeff’s Investment Take

Insufficient data for a modeled recommendation. Contact for the rent roll and actuals.

Other Cleveland, GA multifamily properties currently available

Multifamily for sale: 305 Townview Drive, Cleveland

2 Units

Review Further

$399,000

2.3% Cap -15.0% CoC est

Important Investment Information

Suppressed (LIKELY_SFR_OR_MOBILE). Verify classification and actual numbers with the listing agent.

Any estimated or modeled figures represent the independent analysis of Jeff Crowe / Century 21 The Avenues and are not supplied by FMLS or the listing broker.

This website and its content are for informational and educational purposes only. Nothing on this site constitutes financial, investment, tax, or real estate advice. All information is deemed reliable but not guaranteed. You should always conduct your own thorough due diligence, verify all data independently, review the physical condition of the property, and consult with your own qualified attorney, accountant, and investment advisor before making any purchase decision.

MLS ID: 7726513 · Listing courtesy of Keller Williams Realty Atlanta Partners, April Cotney · 678-414-0301

IDX Information Provided by Jeff Crowe · jeffcrowe@c21theavenues.com

FMLS · Updated Daily

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