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Property Location

232 Andes Ridge, Ellijay GA 30540

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List Price $69,900

Units adj 1

Price / Unit $69,900

232 Andes Ridge Ellijay, GA 30540

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

ACTIVE

MOTIVATED SELLER'S! BRING OFFERS! MUST SEE 4.66 ACRES!! Beautiful wooded lot 232 on Andes Ridge with amazing mountain views tucked away in this quiet gated community of Falling Waters! This lot is one of the largest and highest elevations in the neighborhood allowing for amazing views. You can vista-cut for one of the BEST VIEWS in the community and sit on your back deck to relax and listen to the stream running through the back of the lot from your custom dream home. A walking trail follows along side of the stream on this beautiful lot. The only problem you will have with this property is that you will not want to leave. This community host a stocked lake and walking trails. This property is conveniently located 15 minutes from downtown Ellijay for shopping, great restaurants, Apple Festivals & much more! In this market it will not last! Some of the last left in this community. We have a builder available to consult with for your Dream Home! DON'T MISS OUT!

Investment Notes — Ellijay

Located in the Ellijay, 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 $69,900 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 Ellijay. 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.

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: 7811238 · Listing courtesy of Real Estate Gurus Realty, Inc., Lisa Cox · 404-334-3296

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

FMLS · Updated Daily

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