Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    339 Gainesville St Carnesville, GA 30521

    Sponsored
    For Sale
    $1,750,000

    Brand new, 11-unit apartment complex

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    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.

    Property Features for 339 Gainesville St

    General Information

    Property type
    Multifamily properties
    Lot Size
    33,106 SF

    Building Details

    Year Built
    2024
    Buildings
    3
    Stories
    2

    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 Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Spa & Massage Wholesale Shop Hair Salon Nail Salon Hotel & Motel Auto Parts Store Grocery Store Auto Repair Shop Garden Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Carnesville
    County
    Franklin
    State
    Georgia
    Longitude
    -83.234690520324
    Latitude
    34.371498097102

    Nearby Comparable

    • $1,230,000

      Industrial Land For Sale

      Corner tract suitable for industrial development near I-85.
      59 & Sandy Cross Rd, Carnesville, GA
      View Details
    • $2,400,000
      25,546 SF

      Trucking Facility on 14.22 Acres

      Trucking facility with warehouse, repair shop, and fenced parking.
      520 Busha Rd, Carnesville, GA 30521
      View Details
    • $1,250,000
      Pending

      Carnesville Warehouse with I-85 Visibility

      Warehouse with office space, drive-in doors, and loading dock.
      252 Komplex Dr, Carnesville, GA 30521
      View Details
    • $1,200,000
      7,000 SF

      Commercial Land with I-85 Frontage

      48.66 acres with building and cabin near I-85.
      Komplex Dr, Carnesville, GA 30521
      View Details
    • $169,900
      2.03 Acres

      Commercial Land in Carnesville, GA

      2.03 acres of wooded land near I-85.
      13747 Highway 59, Carnesville, GA 30521
      View Details
    • $7,250,000
      243.00 Acres

      Prime I-85 Commercial Land

      243-acre commercial tract with I-85 frontage in Carnesville, GA.
      16600 Highway 59, Carnesville, GA 30521
      View Details
    • $2,500,000
      126.78 Acres

      Prime Commercial Land I-85 Access

      126.78 acres of commercial land with I-85 access.
      Hall Carson Rd, Carnesville, GA 30521
      View Details
    • $185,000
      15.00 Acres

      Hwy 59 & Hwy 51 Commercial Land

      15 Acres, Prime Commercial Location
      0 Ga-59, Carnesville, GA 30521
      View Details
    • $219,900
      10.00 Acres

      Pasture Land with Mountain Views

      10 acres of pasture land near I-85 in Carnesville, GA.
      8065 Sandy Cross Rd, Carnesville, GA 30521
      View Details
    • $709,700
      30.00 Acres

      30 Acres Pasture Land Available

      30 acres of pasture land near I-85.
      8117 Sandy Cross Rd, Carnesville, GA 30251
      View Details

    Nearby Similar for Sale

    • $1,250,000
      Pending

      Carnesville Warehouse with I-85 Visibility

      Warehouse with office space, drive-in doors, and loading dock.
      252 Komplex Dr, Carnesville, GA 30521
      View Details
    • $625,000
      22.00 Acres

      Farmland Opportunity in Carnesville, GA

      22 acres of cleared farmland with potential for building or rental.
      150 Garrison Rd, Carnesville, GA 30521
      View Details
    • $1,200,000
      7,000 SF

      Commercial Land with I-85 Frontage

      48.66 acres with building and cabin near I-85.
      Komplex Dr, Carnesville, GA 30521
      View Details
    • $1,275,000
      68,800 SF

      Profitable Broiler Farm with Residence

      Operating poultry farm with four houses and residential dwelling.
      4747 Highway 320, Carnesville, GA 30521
      View Details
    • $285,000
      Pending

      Carnesville Multifamily Investment Opportunity

      6.02-acre property with five leased mobile homes, potential for development.
      Banks Academy Rd, Carnesville, GA 30521
      View Details
    • $2,400,000
      25,546 SF

      Trucking Facility on 14.22 Acres

      Trucking facility with warehouse, repair shop, and fenced parking.
      520 Busha Rd, Carnesville, GA 30521
      View Details

    FAQs

    What type of property is this?
    Multifamily property - Brand new, 11-unit apartment complex
    Where is this multifamily property located?
    The property is located at 339 Gainesville St Carnesville, GA.
    What is the asking price?
    The asking price for this property is $1,750,000.
    What are key features of this property?
    This property features: $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.
    Request Owner's contact information
    339 Gainesville St Carnesville, GA 30521
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    339 Gainesville St
    Carnesville, GA 30521
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    339 Gainesville St Carnesville, GA 30521
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.