3255 Cleveland Hwy Gainesville, GA 30506

Property Details for 3255 Cleveland Hwy

Year built

1996

Lot size

2.89 lot acres

Property size

6,500 SF

Property type

Commercial real estate

Description

This exceptional investment opportunity presents a substantial multi-family property situated on a nearly flat 2.89-acre lot in Gainesville, Georgia. The property boasts prime lakefront access, offering unparalleled appeal to tenants. The complex comprises three frame homes and ten mobile/modular homes, all currently rented, generating immediate cash flow. The total square footage encompasses 6,500 square feet of living space spread across these thirteen units. The land extends almost seamlessly from the street to the US Army Corps of Engineers property line, providing ample space and a tranquil setting. This property is ideal for an investor seeking a stable, high-yield rental portfolio with significant potential for future appreciation. The existing tenant base provides a consistent income stream, minimizing vacancy risks. The location in Gainesville, GA offers convenient access to local amenities and services. The nearly flat topography of the lot simplifies development and maintenance. This turnkey investment requires minimal immediate capital expenditure, making it an attractive opportunity for both seasoned and emerging investors. The lakefront location is a significant draw, enhancing the property's desirability and rental income potential. This is a rare chance to acquire a well-established, income-producing multi-family property in a desirable location. The property's size and configuration offer flexibility for future expansion or redevelopment, subject to local zoning regulations. Serious inquiries are encouraged.

Location Insight

City

Gainesville

County

Hall

State

Georgia

Longitude

-83.8116

Latitude

34.3661