3255 Cleveland Hwy Gainesville, GA 30506
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.