678-427-3544
1030 Summit St NE
Gainesville, GA 30501
Downtown Gainesville
HIGHLIGHTS
- Stout Operations: 99% Physically Occupied with Minimal Bad Debt
- Attractive Assumable Debt: Fixed-Rate Agency Debt with Blended Rate at 3.90%
- Organic Rent Growth: 13% Loss-to-Lease Burn Off Pushes In-Place Cap to Mid-7%
- Well-Maintained Asset: Seller Capex Includes Replacement of All Roofs
- Walking Distance to Downtown Gainesville and North Georgia Medical Center; Adjacent to Fair Street School and the Boys and Girls Club of Lanier
FOR SALE DETAILS
BUILDING DETAILS
PROPERTY NAME
Lanier Terrace
PROPERTY TYPE
Multi-Family
APARTMENT STYLE
Garden
PROPERTY SUBTYPE
Apartments
TOTAL BUILDING SIZE
-
STORIES
3
YEAR BUILT
1970
PARKING SPACES
200
LAND DETAILS
LAND ACRES
6.38 AC
LAND SF
277,913 SF
ZONING
R2
APN/PARCEL ID
01-00035-02-005
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678-427-3544
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678-427-3544
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