339 Gainesville St Carnesville, GA 30521
- Apartment buildings
- 0.76 lot acres
Current Use by Public Records
- Apartment buildings
Property Details for 339 Gainesville St
- Year built
- 2024
- Lot size
- 0.76 lot acres
- Property type
- Apartment buildings
Description
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.
Value Estimation
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Carnesville
- County
- Franklin
- State
- Georgia
- Longitude
- -83.2347
- Latitude
- 34.3715
