For Sale
$1,750,000

339 Gainesville StCarnesville, GA 30521

Brand new, 11-unit apartment complex

Overview

Added:
Dec 11, 2024
Days on market:
117
This exceptional investment opportunity presents a brand-new, 11-unit apartment complex located at 339 Gainesville St, Carnesville, GA 30521. Completed in 2024, this property boasts three two-story buildings situated on a 0.76-acre lot, offering 22 parking spaces. The complex currently enjoys 90% occupancy, generating immediate cash flow. The 11 units comprise seven two-bedroom/one-bathroom apartments and four one-bedroom/one-bathroom apartments. All units feature modern amenities including LVT flooring, granite countertops, and in-unit washer/dryer, refrigerator, and range oven. Two-bedroom units also include dishwashers. Exterior features include attractive hardi-plank siding and a sprinkler system. City water and sewer are connected. Tenants are responsible for all utilities except lawn maintenance. This sale is structured as a sale/leaseback, providing a streamlined transition for the new owner. The property benefits from a nearby property manager who is willing to continue managing the property. This turnkey investment requires minimal upfront capital expenditure, offering a significant return on investment with its high occupancy rate and modern features. The property's prime location in Carnesville, Georgia, ensures strong rental demand. This is an ideal opportunity for investors seeking a low-maintenance, high-yield multifamily property.

Highlights

  • $1,750,000 asking price for this multifamily investment opportunity.
  • Brand new, 2024-built, 3-building apartment complex in Carnesville, GA.
  • Sale/leaseback opportunity with 90% occupancy.
  • 11 total units: 7 two-bedroom/one-bath and 4 one-bedroom/one-bath apartments.
  • Features include LVT flooring, granite countertops, washer/dryer, refrigerator, and range/oven in all units; dishwashers in two-bedroom units; hardi-plank siding; sprinkler system; and 22 asphalt parking spaces.

Property Details for 339 Gainesville St

Property type
Apartment buildings
Year Built
2024
Buildings
3
Stories
2
Lot Size (sq. ft)
33,106 SF

Location Insight

City
Carnesville
County
Franklin
State
Georgia
Latitude
34.371498097102
Longitude
-83.234690520324
339 Gainesville St, Carnesville, Georgia

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339 Gainesville St
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