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Property profile & analytics
OFF-MARKET
Apartment buildings

339 Gainesville St Carnesville, GA 30521

0.76 ac lot Built 2024
Property ID
Property summary
AI-generated overview

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 profile
Verified
Property type Apartment buildings
Year built 2024
Lot 0.76 ac (33,106 SF)
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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