520 Washington StGainesville, GA 30501

Property Details for 520 Washington St

Year built

2024

Lot size

0.86 AC

Property size (Sq ft)

15,180 SF

Property type

Investment properties

Property subtype

Multifamily properties

Description

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.

Location Insight

City

Gainesville

County

Hall

State

Georgia

Latitude

34.2986

Longitude

-83.8315

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