For Sale
$3,700,000

520 Washington St Gainesville, GA 30501

10-unit, Class A townhome investment.

Overview

Added:
Dec 11, 2024
Days on market:
136
This exceptional investment opportunity presents a 10-unit, Class A multifamily portfolio in Gainesville, GA, totaling 15,180 square feet on a 0.86-acre lot. Built in 2024, this property offers five three-story buildings, each featuring two-car parking. The portfolio consists of ten three-bedroom, 2.5-bathroom townhomes, each with a 20x20 private courtyard and gas fireplace. High-end finishes include gourmet kitchens with gas stoves and stainless steel appliances, and luxury bathrooms. Exterior aesthetics are enhanced by brick or stone facades. The property is strategically located minutes from Northeast Georgia Medical Center and Brenau University, offering convenient access to healthcare professionals and students. Its proximity to downtown Gainesville provides residents with easy access to shopping, dining, and entertainment. The unique community atmosphere is enhanced by the hourly chime of nearby church bells. Units are spaced 36 feet apart, ensuring tenant privacy. This sale-leaseback opportunity offers a compelling investment with a price per unit of $370,000 and a total asking price of $3,700,000. The price per square foot is $243.74. The permitted zoning is NB.

Highlights

  • Prime downtown Gainesville location, walkable to shopping, dining, and entertainment.
  • Minutes from Northeast Georgia Medical Center Gainesville and Brenau University.
  • Exceptional privacy with 36-foot unit separation.
  • Unique community atmosphere enhanced by nearby church bells.

Property Details for 520 Washington St

Property type
Residential income homes
Square Feet
15,180 SF
Class
A
Year Built
2024
Buildings
5
Stories
3
Lot Size (sq. ft)
37,462 SF
Units
10

Location Insight

City
Gainesville
County
Hall
State
Georgia
Latitude
34.2985551
Longitude
-83.8314959

FAQs

What type of property is this?
Residential income home - 10-unit, Class A townhome investment.
Where is the residential income home located?
The property is located at 520 Washington St Gainesville, GA.
What is the asking price?
The asking price for this property is $3,700,000.
What are key features of this property?
This property features: Prime downtown Gainesville location, walkable to shopping, dining, and entertainment.; Minutes from Northeast Georgia Medical Center Gainesville and Brenau University.; Exceptional privacy with 36-foot unit separation.
How can I contact the broker?
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520 Washington St
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